Archive for June, 2010
Innamincka Joint Venture updates work program
In Australia, Geodynamics and JV partner Origin Energy Ltd has released an updated forward work program for the Innamincka Deeps Joint Venture that will see the Innamincka 1 MW Power Plant operating by early 2012. It will be the first power produced from enhanced geothermal systems in Australia. The Federal Government’s Renewable Energy Demonstration Program [...]
GEA utilities workshop upcoming
In Nevada, registration is open for the Geothermal Energy Association’s one-day “Geothermal Energy and Utilities, Co-ops and Public Power Workshop” in Las Vegas, Thursday, July 22nd. The program will address issues related to geothermal examined from a utility perspective. Participants will hear the most recent updates available on the U.S. geothermal market. Presentations will cover: [...]
Quake shakes The Geysers region
In California, a magnitude 3.3 earthquake shook The Geyser a week ago. The U.S. Geological Survey said the quake was centered three miles north of area. The Geysers hosts the world’s greatest concentration of geothermal operations, with 22 power plants to serving 750,000 homes. The region averages some 300 + earthquakes a year, but only [...]
City starts its own ground source geothermal utility
In Michigan, the city council of Wyandotte has approved the creation of a heating and cooling geothermal utility. The clever and daring concept would have the utility drilling ground source wells in utility easements, and have homes sharing wells. Wyandotte Municipal Services is partnering with Hardin Geotech to help start the utility, develop well fields [...]
Pertamina prepping two subsidiaries for IPOs
In Indonesia, state owned oil and gas firm Pertamina is preparing its PT Pertamina Hulu Energi (PHE) and PT Pertamina Geothermal Energy (PGE) subsidiaries for initial public offerings. PHE produces oil and natural gas at home and abroad, while PGE was said to need investment to expand its geothermal capacity to 1,340 MW within five [...]
EDC settles $245 million Japanese loan
In the Philippines, Energy Development Corp. (EDC) has paid off a $245 million loan from the Japanese government. The move was intended to calm nervous investors who believed the company had too much exposure to debt held by the Asian country, which left it vulnerable to foreign exchange translation losses. A statement from EDC said [...]
Heating up China: Iceland, China firms form new Chinese JV
In Beijing, a Framework Agreement has been signed between Sinopec Star Petroleum Co. and Iceland’s Geysir Green Energy / Enex Kina (China). Enex China is a Geysir subsidiary.
The agreement establishes Sino-Icelandic Green Energy Geothermal Development Corp., a joint venture between the companies whose aim is to be a platform for nation-wide geothermal development in China. [...]
Oil firm to build 110 MW geothermal plants in Sumatra
In Indonesia, state oil firm Pertamina is planning to build 110 MW of geothermal power plants in Sumatra to meet rising energy needs. The project is to consist of two 55 MW power plants and is currently in the planning stage. The timescale and cost of the project have not yet been finalized, but the [...]
KenGen asks for geothermal power plant bids
In Kenya, the country’s main power generator, Kenya Electricity Generating Company has asked for prequalification bids from international contractors for building two geothermal power plants of 280 MW combined capacity. Both of the 140 MW projects will be located in Olkaria near Naivasha town and are expected to cost some $1.3 billion. Financing is coming [...]
UK geologists take lead on $4.2 million project
In Kansas, University of Kansas geologists have begun the first phase of a $4.2 million, three-year project that is supposed to make it easier and more profitable to power electric plants with geothermal energy. KU’s Department of Geology received $2.4 million in Department of Energy stimulus funding under its Innovative Exploration and Drilling Program. The [...]
