Mexico budgets US$50mn for geothermal exploration
Mexican energy authorities have allocated a little over US$50mn to conduct geothermal exploratory drilling to a depth of 3,500m.
The country's electricity and clean energy institute INEEL seeks drilling service suppliers for two contracts, each of which will be for approximately US$25.8mn, according to the procurement notice.
Offers for the IDB-financed work are due August 30 and winners will have an estimated 115 days to drill wells.
The energy ministry's (Sener) 2018-32 national grid development program Prodesen estimates that geothermal investment in the period will reach 29.9bn pesos (US$1.59bn) to add 842MW.
Available geothermal potential in Mexico stands at around 2,610MW, according to Sener.
Also Read Mexico building out geothermal capacity
Pictured: Geothermal resource potential (SOURCE: Sener)
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