EDC To Upgrade Palinpinon And Tongonan Geothermal Power Plants In Philippines
Published: 08-Sep-2009
Energy Development Corporation (EDC) will upgrade the Palinpinon and Tongonan geothermal facilities and bring the plants back to its rated capacities, bworldonline.com reported. The plants were won in a bidding by EDC subsidiary Green Core Geothermal, Inc. The bidding was conducted by the Power Sector Assets and Liabilities Management Corporation last week. The Palinpinon Geothermal Power Plant Located in Valencia, Negros Oriental consists of Palinpinon I and II power stations.
Palinpinon I and II are about five kilometers apart. Commissioned in 1983, Palinpinon I is composed of three 37.5 MW steam turbines with a total rated capacity of 112.5 MW.
Palinpinon II consists of 20 MW Nasuji, 20 MW Okoy 5, and Sogongon power plants. Nasuji was commissioned in 1993, while Okoy 5 was commissioned in 1994. Sogongon is composed of the 20-MW Sogongon 1 and 20-MW Sogongon 2 and was commissioned in 1995.
Tongonan Geothermal Power Plant consists of three 37.5-MW units and is located in Sitio Sambaloran at Barangay Lim-Ao in Kananga, Leyte. The plant was commissioned in 1983.
EDC supplies steam to both the complexes.
EDC had said that the Palinpinon-Tongonan acquisition will help the company in becoming the leading geothermal producer, allowing it to overtake Chevron Corporation's yearly output of 1,273 MW.
EDC Chief Operating Officer Richard B Tantoco said "On Palinpinon, the priority is to rehabilitate and bring it back to its rated capacity of 192.5 megawatts".
"On Tongonan, we want to bring it back to 112 MW [as] it is currently at 84 MW," Tantoco added.
Tantoco said that EDC has obtained financing for the required 40% deposit for the plant, and would then avail of the 60% staple financing of the state-led PSALM.
The target is to take over by the fourth quarter, Tantoco said.
Construction of Geothermal Power Plant at Blue Mountain
Tue Aug 18, 2009 9:15am EDT
VANCOUVER--(Business Wire)--
Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) today announced
that construction is completed on the 49.5 megawatt (gross) Blue Mountain
`Faulkner 1` geothermal power plant. Mechanical, electrical and metering systems
are installed for three Energy Convertors and the cooling tower, control
building, fire protection, safety systems and site grading are ready for
operation.
Independently, NGP has completed a 21-mile power line interconnection to the
Sierra Pacific Power Company (SPPC) power grid, the production and injection
well field, local power distribution system, and microwave communication system.
The power line interconnection was energized on August 3rd, 2009 such that power
from SPPC can now be back-fed to test numerous power plant electrical
components, cooling tower fan motors and production well pumps. The first of
several ground water wells has been commissioned and the water supply pipeline
and cooling tower is operational.
Plant commissioning of the `Faulkner 1` geothermal plant has commenced and is
expected to be completed by the end of September 2009.
In early October the plant will be operational with approximately 28-30 MW (net)
of firm output capacity. After start up two widely-spaced make-up wells are
planned, replacing two existing shallow injectors, to allow sustainable plant
output to be increased to 40 MW (net). In 2010, the NGP will commence further
investigations aimed at confirming the further build out potential within the 17
square mile lease area.
"NGP has achieved an enormous milestone with the completion of the construction
of the 49.5 MW Blue Mountain `Faulkner 1` power plant. Our experienced
management team, industry relationships, planned additional development projects
and future new acquisitions will enable NGP to embark on an exciting program of
scalable growth," stated Brian Fairbank, President & CEO.
About Nevada Geothermal Power Inc.:
Nevada Geothermal Power Inc. is an emerging renewable energy developer focused
on producing clean, efficient and sustainable geothermal electric power from
high temperature geothermal resources in the United States. NGP currently owns a
100% leasehold interest in four properties: Blue Mountain, Pumpernickel, and
Black Warrior (all of which are ideally situated in Nevada), and Crump Geyser in
Oregon. These properties, which are at different levels of exploration and
development, are estimated to have the potential for the generation of over 200
MW.
NGP`s phase 1 development at Blue Mountain; `Faulkner 1` nameplate 49.5 MW gross
power project is targeted to be Turning on the Power in October 2009.
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
Raser intends to add 120MW of geothermal power by 2012
Raser Technologies expects to have 120 megawatts of additional geothermal power generation capacity available by yearend 2012 for sale to utilities through long-term purchase agreements, the company says.
Raser plans to add 40MW of electricity for sale each in 2010, 2011 and 2012, in addition to 10MW to be brought online by the end of this year in southern Utah that will be sold to the city of Anaheim in California.
The additional capacity is dependent on availability of financing.
Raser last year entered into a non-binding agreement with Southern California Public Power Authority (SCPPA) to sell 110MW of geothermal power to certain SCPPA member municipalities in a pre-paid arrangement. The power plants would be built at Raser’s Thermo, Utah site, over a three year period.
Under a pre-paid power purchase arrangement (PPA), the buyer pays for a portion of the expected power generation up front. It then pays a reduced monthly amount for the remaining power.
Pre-paid PPAs are structured to take advantage of the municipalities’ ability to borrow at favorable rates to purchase power up front at a reduced rate. This allows them to improve the economics of the transaction and provide greater price stability over the life of the agreement. It also provides them with greater access to renewable energy projects.
The pre-paid structure allows developers like Raser to secure funding for their projects from an alternative source in difficult economic times. The pre-paid PPAs would provide Raser with greater flexibility for planning and developing its commercial geothermal power projects
SCPPA comprises 11 municipal utilities and one irrigation district. SCPPA members deliver electricity to approximately 2 million customers over an area of 7,000 square miles.
Raser officials said their ability to bring more generation capacity also hinges on it seeing through plans to use larger binary cycle generators at all its geothermal facilities.
The company’s first power plant, Thermo No. 1, in southern Utah, uses 50 smaller generators but will add between two to eight of the larger units before yearend.
“These changes should improve the overall economics of our power plants moving forward,” says Richard Clayton, principal executive officer, at Raser.
Raser, based in Provo, Utah, is developing one geothermal property in New Mexico, three in Nevada, one in Oregon and three in Utah.
Richard A. Kessler
Published: Thursday, September 10 2009
http://www.rechargenews.com/energy/geothermal/article187643.ece
US Geothermal to raise C$10.93m in private placement
US Geothermal has done a deal with a syndicate of Canadian investment dealers for private placement of 8.1 million subscription receipts at C$1.35 each, for gross proceeds of approximately C$10.9m.
Each receipt will be automatically exchanged, without additional consideration on the exchange date, for one unit of US Geothermal.
Each unit consists of one share of common stock and one half of one common stock purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share of common stock of US Geothermal for a period of 24 months following the closing of the offering for US$1.75 per share of common stock.
Net proceeds of the offering will be used by US Geothermal for drilling wells at the Neal Hot Springs geothermal project in Oregon and for general working capital purposes.
The offering is scheduled to close on or about 12 August this year. It is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and the NYSE Amex.
US Geothermal, based in Boise, Idaho, operates geothermal power plants in Idaho and Nevada, and plans to bring the Neal Hot Springs facility on line in 2011.
U.S. Geothermal to Postpone Annual General Meeting
BOISE, IDAHO--(Marketwire - Sept. 14, 2009) - U.S. Geothermal Inc. ("U.S. Geothermal") (TSX:GTH)(NYSE Amex:HTM), a renewable energy company focused on the production and sale of electricity from geothermal energy, announced today that its board of directors has delayed the Company's Annual General Meeting of its shareholders from September 22, 2009 to December 17, 2009 because U.S. Geothermal is considering restructuring its capital platform to respond to new build initiatives at its San Emidio and Neal Hot Springs projects and to provide the company with additional financing options using a corporate capital structure that would require shareholder approval.
The record date for determining those shareholders entitled to receive notice and vote at the meeting was also postponed from August 6, 2009 to October 29, 2009. Formal notice of the meeting and a management proxy circular will be available to shareholders in due course.
About U.S. Geothermal:
U.S. Geothermal is a renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada and completed testing a new well as part of its exploration activities at Neal Hot Springs in eastern Oregon.
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are based on U.S. Geothermal Inc.'s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described. Readers are cautioned to review the risk factors identified by the company in its filings with Canadian and US securities agencies. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.
The NYSE Amex and the TSX do not accept responsibility for the adequacy of this release.
●091224F Indonesia, uk.reuters
インドネシアの第2次クラッシュ・プログラムで地熱の民間開発を急ぐ
Indonesia province offers $1.4 bln geothermal projects
http://my.reset.jp/adachihayao/index091224F.htm
http://uk.reuters.com/article/idUKJAK7844520091223