GEOLAC Market News - Page 30 of 32

St. Kitts & Nevis Push Forward with Geothermal Development
September 29, 2015
After signing a Memorandum of Understanding with a company from Guadeloupe to develop geothermal energy in St. Kitts over the next five years, Premier Honorable Vance Amory assured residents of the island of Nevis that St. Kitt’s pursuit of geothermal will not delay geothermal development in Nevis. On the contrary, geothermal development in St. Kitts […]
Enel Green Power Hosts Representatives from Communities near Cerro Pabellón Geothermal Site
September 22, 2015
Enel Green Power has invited representatives from communities that surround live in the areas surrounding the Cerro Pabellón Geothermal site to Italy to view a geothermal power plant in action. Though this visit, which took place from September 15 – 18, community members were introduced to the technology, entrepreneurs and local leaders who spoke on […]
Enel Green Power and El Salvador formalize split over LaGeo
September 16, 2015
Ending a saga that started in 2007, El Salvador gained full control this week of LaGeo, “one of the largest geothermal companies in Central America. LaGeo was a joint venture between Enel Green Power and state-owned outfit Inversiones Energeticas S.A. de C.V.”
Montserrat Geothermal – Third Well will be Drilled in early 2016
September 16, 2015
Montserrat geothermal projects to move forward next year. Funded by the UK Department for International Development (DFID), a third geothermal well will be drilled in Montserrat. Following on the heels of two other wells that are each currently producing 1.5 MW of power, this new well hopes to bring Montserrat geothermal production to ~5 MW.
Iceland Drilling Co awarded geothermal contract in Nicaragua
September 14, 2015
Iceland Drilling Co. has been awarded a contract to drill two new production wells at the San Jacinto-Tizate Geothermal site in Nicaragua. The wells will have a production capacity of 72 MW. Addtionally, Iceland Driling Co. will work to improve four existing injection wells. The project award was given by Polaris Energy Nicaragua SA (PENSA). […]
Teranov and the Government of St Kitts join forces for the development of geothermal energy
September 10, 2015
Announced today in an email sent by Teravov to the market, the Government of St Kitts-Nevis and Teranov will join efforts to establish a public-private partnership, with the ultimate goal to generate electricity via a geothermal power plant. A Memorandum of Understanding, committing the two parties and governing the terms of this collaboration, has now […]
Indonesia and Costa Rica Sign Geothermal Cooperation Agreement
August 28, 2015
Indonesia and Costa Rica have signed a framework to increate bilateral cooperation between the two countries. According to the Jakarta Post, the Indonesia Foreign Minister Rento LP Maraud and Costa Rica’s Foreign Minister, Manuel Gonzalez Sanz, signed an agreement of cooperation on Sunday of last week. Though the agreement includes multiple sectors, such as disaster […]
El Salvador Geothermal: Drilling Starts on Well for 10 MW Power Plant
August 28, 2015
El Salvador geothermal takes another step forward. The government of El Salvador announced that drilling at the Chinameca geothermal site started this week. The well will produce an estimated 8 – 10 MW of energy by 2017. By 2019, the site will produce 50 MW annually. According to Comisión Ejecutiva Hidreléctrica del Río Lempa, David […]
Geothermal Project in Chile Heats Up
August 27, 2015
Chile’s first geothermal project comes to life. After 40 years of exploration and drilling, drilling for Chile’s first geothermal project at Cerro Pabellón is finally underway. Marcelo Tokman, General Manager of Chile’s utility, ENAP, highlighted the importance of geothermal exploration in a region that is heavily dependent on fossil fuels. ENAP shares ownership of the plan […]