Economic Comparison of Build Geothermal Power Plant Iran and El Salvador

Abstract

EL Salvador is the smallest and the most density populated country in Central America while Iran is the second largest country in the Middle East in a region that is very different from El Salvador. Also these two countries are different in terms of energy sources. El Salvador is already producing 204 MW of electricity from geothermal resources while Iran has the fourth largest fossil fuel reserves and the largest natural gas reserves in the world and is planning its first pilot geothermal power plant. This study gives an overview of the current conditions in these two countries and their differences. It was also carried out with the aim of finding out the challenges towards construction cost of geothermal power plants to promote geothermal energy in these two countries.