Colombia gives environmental OK to exploratory stage of geothermal project

Okeanis Eco Tankers

Okeanis Eco Tankers

ECO

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- Colombia's environment ministry has cleared the exploratory phase of the Nereidas geothermal project, led by Ecopetrol, Baker Hughes and a unit of Grupo EPM, it said on Wednesday.

The project represents the first major geothermal exploration initiative in the South American country and is located in the Ruiz Volcanic Massif in the department of Caldas.

The ministry also issued new resolutions establishing environmental terms for geothermal energy exploration and exploitation projects in the country.