“Weekly news roundup for international geothermal markets”
This week’s international roundup brings you headlines from Canada, Chile, Mexico, the Himalayas, Australia, Indonesia, Japan, Northern Marianas Islands, Papua New Guinea, The Philippines, Ukraine, and the United Kingdom.
Click below to keep reading “Weekly news roundup for international geothermal markets”
*Canada: Pilot Plant Planned for Saskatchewan by 2017
An article on www.albertaoilmagazine.com provides an update on the Deep Earth Energy Production Corp. (DEEP) geothermal plan in Saskatchewan, Canada. DEEP began by using data from the oil and gas industry, recently completed a feasibility study, and envisions a 5-MW pilot project by 2017. “My goal is to have a stake to get Canada on this global geothermal map, and I am very confident that Saskatchewan will lead the way,” Kirsten Marcia, chief executive officer of DEEP is quoted.
*Chile: Energy Commission Preparing New Transmission Law
Chile’s National Energy Commission (CNE) has asked 80 experts to work in groups and provide their input on regulatory changes in a new transmission law. The workgroups will focus on four areas: The expansion of network repositories and compensation; Security technologies, continuity and quality of service; Operation of the interconnected system (CDEC); and networks and territories. It is expected to be completed in April or May next year. [thinkgeoenergy.com]
*Mexico: Senate Votes Yes for Private Power Sales
Mexico’s energy reform has been on our radar lately, and on July 20, Mexico’s Senate voted 88 to 26 to allow private power generators to sell electricity directly to users. The legislative package also included a Geothermal Energy Act. [www.dw.de]
Asia and the Pacific
*Himalayan Geothermal Potential is Large
Geothermal potential is large in the Himalayan area including parts of India, Tibet, and Nepal. “The hottest and best known of the geothermal systems are in Jammu and Kashmir, which form part of the northwest Himalayan ‘geothermal province’ that extends through Nepal and Tibet,” Geo Moore, a geologist at the Energy and Geosciences Institute, University of Utah, is quoted on chimalaya.org. In the region, China has been operating a 25-MW plant in Yangbaijan, Tibet since 1976.
*Australia: Petratherm’s Technical Success Fails to Woo Investors
Geothermal company Petratherm has reportedly missed a grant deadline that required it to raise $5 million from investors. The grant would have totaled $13 million from the Australian Renewables Agency. Additionally, a $24.5 million Renewable Energy Development Program grant will also lapse due to the lack of investor funds. Petratherm managing director Terry Kallis told press the failure was reflective of the “difficulties in raising monies in the equities markets for small exploration and development companies” and was disappointing considering the “technical success” the Paralena geothermal project had achieved. [perthnow.com.au]
*Indonesia: Rantau Dedap Project Gets $50 Million
The Asian Development Bank (ADB) is providing a loan of up to $50 million for the Rantau Dedap geothermal project in Indonesia. The loan comes through the Clean Technology Fund and shares risks with the private sector during development and exploration. The borrower is Supreme Energy Rantau Dedap, which is composed of GDF Suez, Marubeni Corporation and Supreme Energy. Estimates show a potential project could provide 240 MW of geothermal power capacity. [hispanicbusiness.com]
*Japan: Geological Surveys Underway in Hokkaido and Aomori
A company called Orix Corp. based in Tokyo is conducting geological surveys in Hokkaido and Aomori prefectures. Orix plans to build up to 15 geothermal power stations of about 2 MW each throughout Japan in the next five years. [bloomberg.com]
*Northern Marianas Islands: Geologist Discusses Geothermal Potential
ABC Radio Australia discusses geothermal energy potential of the Northern Marianas Islands in an interview with Max Simian, Geologist at Commonwealth Utilities Corporation. Geothermal could replace costly hydrocarbon, Simian says, and volcano activity in the area indicates there could be places where geothermal could be tapped. [world.einnews.com]
*Papua New Guinea: Energy Policy Underway with Help from NZ
New Zealand consultants working with the Papua New Guinea government have completed a terms of reference as they aim to draw up a geothermal policy. The policy will also deal with resources including energy from water to hot springs, wind, gas, and petroleum products. [pngloop.com]
*The Philippines: Cooling Towers Damaged by Typhoon
Interaksyon.com reports damage sustained at the Bacon-Manito geothermal power complex in Sorsogon and Albay by Typhoon Glenda. “The company would, however, like to stress the availability of strategic spares that have been ordered precisely for this type of contingency,” EDC was quoted. The fixtures that were damaged were the cooling towers; all plant buildings, turbines, and generators were intact.
*The Philippines: Second Round of Unified Leyte Power for Bid in 2015
The Power Sector Assets and Liabilities Management Corp. (PSALM) of the Philippines is planning to auction the remaining capacity of the Unified Leyte geothermal power plant in early 2015. This is a second round of bids; the first round was held last November and resulted in 200 MW being sold in sections or strips to seven different bidders. [bworldonline.com]
*Ukraine, Iceland Ministers Discuss Geothermal Mapping
On July 16 Foreign Minister of Iceland Gunnar Bragi Sveinsson met with Deputy Head of the Ukrainian National Agency on Ensuring of Efficient Use of Energy Resources (NAER) Vitalii Grygorovskyi in the Ukraine, where the two discussed geothermal energy. As Icelandreview.com reports, Sveinsson offered Iceland’s help in mapping Ukraine’s resource potential.
*United Kingdom: £15M Secured for Geothermal System Rollout
A company called Geoscart has secured £15m from Macquarie Lending for an initial phase to install geothermal systems at 15 Sainsbury stores. The systems integrate geothermal energy generation, heat pumps, and solar thermal panels. Sainsbury plans to bring the technology to 100 stores over the next few years. [businessgreen.com]