Hydropower accounts for 27% of the country's renewable electricity generation, with the bonus that it does not depend on real-time weather conditions to produce electricity like wind and solar.
The two areas being auctioned have the potential to produce over 3.1 gigawatts of clean, renewable energy, which is enough to power around 1 million homes.
Projects seeks to increase resilience in emergencies, lower energy costs for residents and businesses, and provide employment opportunities in rural areas
While geothermal systems have been essential electricity providers, their development has lagged behind other sources of renewable energies such as wind and solar.