PRESS RELEASE

Celec and Japanese parliamentarians reviewed the progress of the Chachimbiro geothermal project

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Friday, August 10, 2018

This press release from Celec was published using an automatic translation system.

On August 7, 2018, the General Manager of the Ecuadorian Electric Corporation (CELEC EP), Eng. Gonzalo Uquillas, along with the Japanese Parliamentarians Asahiko Mihara and Daishiro Yamagiwa, and the ambassador of that country in Ecuador, Hitoshi Noda, They reviewed the advances in the Chachimbiro Geothermal Project, located in the province of Imbabura.

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Japan, is the main ally for geothermal exploration in the country, thanks to a non-reimbursable fund, granted by the Japanese International Cooperation Agency (JICA, for its acronym in English). With this financing CELEC EP through the Termopichincha Business Unit concluded, in November 2017, the first geothermal drilling in the country, at 2,000 meters depth. The first results are encouraging: the downhole temperature is higher than 200 degrees Celsius and is located in a highly permeable area. The generation capacity of this project is 50 MW. The results allow us to move towards the second stage for the development of the geothermal field.

At the same time, JICA offered permanent advice to the Corporation to promote geothermal growth in Ecuador, such as the review of geoscientific results, training in Japan through scholarships for CELEC EP personnel in the areas of geology, geochemistry and project management. all this oriented to the generation of local capacities for the use of this resource in our country. In addition, the study of Chachimbiro was followed by a Japanese geothermal expert.

According to the Electricity Master Plan, updated by the National Government, geothermal energy is a complement to hydroelectric generation, especially during the dry season. It is important to strengthen the cooperation ties until the construction of a geothermal plant that will generate clean and renewable energy, taking advantage of the credit granted by the Government of Japan, said Gonzalo Uquillas, General Manager of CELEC EP.

The visit of the Japanese Parliamentarians is an opportunity for our country not only to strengthen bilateral relations, but also to discuss the future of the project in the use of this natural resource. As a National Government, we are committed to advancing the development of non-conventional energies, friendly to nature, said Uquillas.

The agenda concluded with a visit to the project site, located in the Urcuquí canton, Imbabura province.