| Title | ECONOMIC FEASIBILITY OF UTILIZING GEOTHERMAL ENERGY IN COLOMBIA |
|---|---|
| Authors | Laura Constanza Bocanegra Rodriguez, Jeffrey Andal, Erin Renee Lawyer |
| Year | 2023 |
| Conference | World Geothermal Congress |
| Keywords | Colombia, utilization, economic feasibility, Nevado del Ruiz, optimization |
| Abstract | Colombia has 2,210 MW resource potential for geothermal energy. However, the country’s current utilization of this resource is limited to direct uses such as bathing, swimming, and localized heating. Using the modified hotelling for geothermal resources, this report will look into the economic feasibility utilizing geothermal energy in Nevado del Ruiz Volcano Geothermal Prospect located in Colombia. Further, a review of legal and policy framework for geothermal energy within Colombia is also covered on this report. |