All Entries in the "International" Category
Joint venture starts Indonesian geothermal exploration
In Indonesia, India’s Tata Power Co. and Australia’s Origin Energy Ltd. have begun exploration in Indonesia aimed at developing geothermal power plants. Tata Power, Origin and PT Supraco Indonesia in Sept. 2010 won the concession in northern Sumatra, which may yield as much as 300 MW of geothermal generating capacity. The group will begin plant [...]
Earth Heat Resources starts Argentine feasibility study
In Argentina, Earth Heat Resources has begun the first phase in a feasibility study for the fast track development of a 15 MW geothermal plant at its Copahue Project. The company will split the study into two successive phases, with phase A being a concept screening to agree on a viable technical solution, and Phase [...]
Studies begin at geothermal sites in Victoria
In Australia, geotechnical studies have started near Traralgon for what would be Victoria state’s first substantial shallow geothermal power plant. Consultancy Hot Dry Rocks said it has identified several suitable existing bore holes to undertake the studies. The Latrobe Valley Shallow Geothermal Project intends to demonstrate fluid circulation and heat extraction from moderate temperature groundwater [...]
PannErgy will sell stake in PannUnion
In Hungary, PannErgy will sell its entire 95.3% stake in plastics company PannUnion in a public purchase offer called by Pannunity. Pannunity is a special purchase vehicle owned by a company registered in Luxembourg indirectly controlled by investment funds managed by affiliates of Sun Capital Partners, a US-based private investment firm. PannErgy announced plans in [...]
Kenya confirms large steam field in Menengai
In Kenya, Geothermal Development Co. says it has found commercially exploitable steam deposits in Menengai, a field that may contain as much as 1,600 MW of geothermal energy. Silas Simiyu, chief executive officer of the state-run GDC said additional testing will determine the exact energy potential at the site. Well-head generators that can be set [...]
Arrow gets ADB grant for plant planning
In New York, Arrow Resources Development, Inc. has reportedly received a $1,400,000 grant from the Asian Development Bank (ADB) to do design planning for geothermal power plants in Indonesia and the Philippines. The initial site development plans require about 90 days and site selection has begun. “After two years of planning, we are finally [...]
CanGEA’s Richter expands on IGBC creation
In an email interview with Geothermal Digest, Alexander Richter, the Director of the Canadian Geothermal Energy Association expanded on the creation of the International Geothermal Business Coalition (IGBC). When asked if there were plans for a headquarters location or for the appointment of personnel, Richter said “there are no plans on adding additional administrative levels [...]
Lower energy sales leads to first quarter income dip of 55%, BacMan set to go
In the Philippines, First Gen Corp. reported its first quarter profit fell 55% due to lower energy sales. Net income for the first 3 months of 2011 dipped to $16.1 million from $36.1 million last year after lower contributions from geothermal and hydro power units Energy Development Corp. (EDC) and First Gen Hydro Power Corp. [...]
Enel Green Power to raise investment levels
In Italy, Enel Green Power’s 2011-2015 industrial plan has the company raising investments $1.7 billion to $9 billion by 2015. Investments will go to wind energy, hydroelectric, geothermal energy and solar power technologies. Total installed energy capacity would rise from 6.2 GW to 10.4 GW. The company also said that new plants helped boost first-quarter [...]
Enap opting out of geothermal development
In Chile, the country’s Empresa Nacional del Petroleo SA (Enap) has reportedly decided to abandon geothermal energy exploration and development in order to concentrate on its core business, which is oil and natural-gas. The company hs sold its 40% stake in a joint-venture geothermal-exploration company to Australia’s Origin Energy Ltd. Enap also intends to sell [...]
