Tender – Drilling of four geothermal exploration wells, Mexico

View of Cerro Prieto from Michoacan de Ocampo, Baja California, Mexico (source: Verdelunar, CC BY-SA 4.0, via Wikimedia Commons)

The Government of Mexico through the National Institute of Electricity and Clean Energy (INEEL) has launched an international public tender (LE-18-T0K-018T0K001-I-125-2024) for drilling services for the drilling of four geothermal exploration well in two sites in Mexico. More specifically, three wells are planned in Cerro Prieto in Baja California, and one well in Las Tres Vírgenes in Baja California Sur.

The deadline for submission of bids will be on the 9th of December 2024.

Instructions on how to acquire the bid documents are available at the official post of the publication of the Government of Mexico.

An amount of $51 million will be mobilized through a contingent donation by the Clean Technology Fun (CTF) which will be activated if the exploration drilling is not successful. Moreover, the project is supported by the Geothermal Risk Transfer and Financing Program (PFRTG), as well as the Inter-American Development Bank (IADB), the Ministry of Energy, and the National Financial Situation, aiming to mitigate exploratory risks.

Although Mexico has remained one of the global leaders in installed geothermal power generation capacity, its growth has been minimal for the better part of the last decade. The industry remains optimistic under the rule of newly elected President Claudia Sheinbaum, who has set a target for Mexico to attain 45% of the country’s electricity to come from renewable sources.

Source: El Financiero and Diario Oficial de la Federacion