| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 225.00 |
| Borrower/Recipient | 25.00 |
Geothermal Energy for a Sustainable Economic Recovery from the Covid-19 crisis in El Salvador
Abstract*
The project will support the development of San Vicente and Chinameca geothermal fields (aggregated capacity of up to 80MW) withthe purpose of advancing the diversification of the energy matrix in El Salvador, reduce energy costs for end consumers andincrease the security of supply. This project comprises the initial development stage of the relevant geothermal fields and willprovide financial resources to LaGeo (publicly owned geothermal developer)... Show More
Development Objective
The Development Objective is to increase geothermal power generation capacity and to promote direct uses of geothermal energy in El Salvador.
Key Details
Project Details
P170089
Dropped
Peter Johansen , Mariano Gonzalez Serrano, Fernando Jose De Sisternes
Government of the Republic of El Salvador,Ministry of Finance
April 19, 2019
(as of board presentation)
N/A
N/A
US$ 243.70 million
LaGeo
2022
US$ 225.00 million
N/A
High
September 1, 2028
TBD
CONCEPT REVIEW
December 19, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 225.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 225.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 243.70 |
Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025
No data available.
Detailed Financial Activity as of June 30, 2025
No data available.
Results Framework
No data available.