Thursday, August 28, 2014

Chile:

Chile Is Poised To Pass South America’s First Carbon Tax (ThinkProgress)

(Courtesy CIA.gov)
It’s a big year for fighting climate change in Chile. A carbon tax is set to go before its House of Representatives next week, as part of a larger tax reform package that includes measures intended to fight air pollution and climate change. Chile would become the first country in South America to institute a carbon tax, and the second in Latin America after Mexico, which imposed its carbon tax in January.

A carbon tax is what it sounds like. The government charges emitters of carbon pollution for every metric ton they release into the atmosphere. Carbon taxes are gaining popularity as a way to massively cut the amount of carbon dioxide put into the atmosphere, while creating jobs, raising incomes, and cutting deficits in countries where they’re implemented. British Columbia, Canada has had a carbon tax since 2008 and has seen success cutting energy use and carbon emissions, and giving revenue from the tax back to low-income families to offset higher energy prices.

Chile currently produces little power inside the country, importing 70 percent. On the other hand, the Atacama Desert gets the highest levels of direct solar radiation in the world, and Chile has huge potential for hydraulic, wind, and geothermal power as well.

The carbon tax appears to be a bid to encourage energy independence through renewables, as well as a move against climate change. Chile plans to cut its greenhouse gas emissions 20 percent by 2020, from 2007 levels.

Read More.....

Global:

Renewables to Account for Over a Quarter of Global Electricity Generation by the End of this Decade (International Energy Agency)

Report Predicts 16 GW Geothermal by 2020


The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished, the International Energy Agency (IEA) said today in its third annual Medium-Term Renewable Energy Market Report.

According to the report, power generation from renewable sources such as wind, solar, hydro and geothermal grew strongly in 2013, reaching almost 22% of global generation, and was on par with electricity from gas, whose generation remained relatively stable. Global renewable generation is seen rising by 45% and making up nearly 26% of global electricity generation by 2020. Yet annual growth in new renewable power is seen slowing and stabilizing after 2014, putting renewables at risk of falling short of the absolute generation levels needed to meet global climate change objectives.

For the first time, the annual report provides a renewable power investment outlook. Through 2020, investment in new renewable power capacity is seen averaging over USD 230 billion annually. That is lower than the around USD 250 billion invested in 2013. The decline is due to expectations that both unit investment costs for some technologies will fall and that global capacity growth will slow. With decreasing costs, competitive opportunities are expanding for some renewables under some country-specific conditions and policy frameworks.

To download the executive summary of Medium-Term Renewable Energy Market Report, please click here.

Saint Lucia:

Saint Lucia Geothermal Resource Development Project - General Procurement Notice

The project is expected to be completed by January 31, 2017.


The Government of Saint Lucia is expecting funding in the amount of two million United States dollars equivalent from the World Bank towards the cost of the Geothermal Resource Development Project, and it intends to apply part of the funding for payments for goods, works, related services and consulting services to be procured under this project.

The development objective of the project is to provide support for the Government of Saint Lucia to make an informed decision regarding geothermal exploration and development in Saint Lucia by undertaking upstream preparatory activities.

Such support would help the Government of Saint Lucia confirm areas for drilling, partner with a qualified developer, and design a geothermal exploration/resource confirmation program for sustainable implementation – all in line with good industry practices and international standards.

General Procurement Notice (Word Doc)

Indonesia:

Minister Asks Pertamina to Review Geothermal Projects (Republika Online)

The minister of state-owned enterprise Dahlan Iskan has urged national oil and gas company PT Pertamina, to study two geothermal plant projects in Seulawah, Aceh, and Kamojang, West Java.

"As the winner of the geothermal tender, Pertamina must assess whether the projects are feasible. I have asked Pertamina to finish the report next week," Dahlan stated on Thursday.

According to Dahlan, the projects had not been implemented because Pertamina did not possess a permit for forest management. As the new Geothermal Law had been authorized on August 26, 2014, the project should be revisited.

Read More......

Australia:

Australia to End Renewable Energy Target Scheme (Business Spectator)

(Courtesy CIA.gov)
Australian Prime Minister Tony Abbott will seek to freeze the Renewable Energy Target (RET) at 16,000GWh, effectively ending the scheme, The Australian Financial Review reports.

According to the newspaper, the Dick Warburton-led RET review has been handed to the government, and Mr Abbott met with responsible ministers – Environment Minister Greg Hunt and Industry Minister Ian Macfarlane – on Sunday to discuss the government's position on the scheme, "which it will put to the bureaucracy for analysis and then to the Cabinet for a final decision".

The meeting is said to have concluded with a determination that the RET be abolished, with the 'grandfathering' of existing large-scale projects, The AFR reports, and the final position will be announced next month.

The RET was a bipartisan policy and its abolition or dilution would mean "sovereign risk will increase more" in Australia, London-based institutional investor, Philip Green of the Children's Investment Master Fund, which has a 33 per cent stake in wind developer Infigen, told the newspaper.

Read More.....

USA, Hawaii:

Hawaiian Electric Companies Submit Plans for Hawaii's Energy Future (Biobased Digest)

Plan calls for more than 65 percent renewable energy by 2030


Hawaiian Electric Company, Inc. (Hawaiian Electric), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc., and its subsidiaries, Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited, have proposed plans for Hawaii's energy future that will lower electric bills, give customers more service options and nearly triple the amount of distributed solar while achieving the highest level of renewable energy in the nation by 2030.

The companies' planned state-of the-art electric systems for Oahu, Maui County, and Hawaii Island will form the foundation for this new energy future. The plans are meant to address the comprehensive orders issued by the Public Utilities Commission in April.

Hawaii's energy environment is changing more rapidly than anywhere else in the country. Currently, in Hawaii, more than 18 percent of the electricity used by customers comes from renewable resources, ahead of the state goal of 15 percent by 2015. Hawaii has one of the most diverse renewable energy portfolios in the country, including solar, wind, geothermal, biomass, biofuel, and hydroelectric sources of power. Ocean power is also a promising option for the future.

Read More......

USA:

Green Tax Incentive Compendium: Federal and State Tax Incentives for Renewable Energy and Energy Efficiency

Jerome L. Garciano, Esq., CPA
Jerome L. Garciano has updated his Green Tax Incentive Compendium which includes information about incentives for geothermal projects.

The volume presents certain U.S. federal and state tax incentives promoting the renewable energy and energy efficiency industries. Each section outlines the basic features and regulatory requirements for a tax program which provides financial incentives for clean technology development through renewable energy and energy efficiency projects.

Global:

The United Nations Decade of Sustainable Energy for All 2014-2024

The United Nations General Assembly unanimously declared the decade 2014‑2024 as the Decade of Sustainable Energy for All, underscoring the importance of energy issues for sustainable development and for the elaboration of the post-2015 development agenda.

Energy is the golden thread that connects economic growth, increased social equity, and an environment that allows the world to thrive. At a time when 1.2 billion people worldwide lack access to electricity, when 2.8 billion people do not have clean and safe cooking facilities, and when a shift to sustainable energy use is imperative to protect the Earth’s climate, no less than a worldwide effort is required to achieve sustainable energy for all.

Launch of the United Nations Decade of Sustainable Energy for All in the Americas

15, 16 and 17 October, Santiago, Chile

We are pleased to invite you to the launch of the United Nations Decade of Sustainable Energy for All in the Americas (SE4ALL AMERICAS), which will take place in Santiago, Chile on October 15, 16 and 17 of this year.

Registration for the event is free. However, given that there is limited space, we suggest that your register as soon as possible by clicking on this link. You can find more information on the event page. We look forward to your participation.

Kenya:

Tender for Provision of Drilling Services for up to 20 Geothermal Wells at Silali Geothermal Prospect (Geothermal Development Company)

Tender No. GDC/CPP/OT/003/2014-2015


The Government of Kenya (GOK) has received a loan Ref. No. 2013.6610.3 from Kreditanstalt fur Wiederaufbau (KfW) towards Steamfield Development at the Bogoria-Silali Geothermal Project. One of the components under this support includes hire of drilling services for 15 to 20 geothermal wells.

The Geothermal Development Company Limited (GDC), the Implementing Agency for this project now invites sealed proposals from interested and qualified firms for provision of Drilling services for fifteen (15) to twenty (20) geothermal wells using two (2) rigs at Bogoria-Silali project. The proposals shall be submitted as per instructions in the tender document.

The completed proposals must be delivered not later than 25th September 2014.

Tender Advert                           Entire Document

Wednesday, August 27, 2014

Canada:

Alternative Earth Resources Completes Sale of Geothermal Projects to Ormat (News Release)

Alternative Earth Resources Inc. has announced that it has completed the sale of certain geothermal projects to Ormat Nevada Inc. pursuant to a Purchase and Sale Agreement dated August 5, 2014.

Under the Transaction, Ormat also has the option, exercisable for 4 years, to acquire an additional geothermal lease. Shareholder approval for the Transaction was obtained at the annual and special meeting of shareholders held on August 22, 2014. Details of the Transaction were previously disclosed in news releases dated June 11, 2014, and August 5, 2014.

The benefits to AER resulting from the Transaction include: receipt today of US$1,490,000 to the treasury; freeing up US$175,000 of cash that is currently pledged for geothermal well bonds; removal of liability for geothermal well abandonment costs of approximately US$450,000; and elimination on-going geothermal lease payment obligations.

Read More......

USA, Oregon:

Early Bird Registration Deadline for GRC Annual Meeting is This Week

Save $100 by registering before midnight on Saturday



The deadline for early-bird rates for registration for the international geothermal event of the year is this Saturday, August 30. The GRC Annual Meeting & GEA Geothermal Energy Expo will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from September 28 to October 1 at the Oregon Convention Center, Portland, Oregon, USA.

Early birds who register before August 30 pay only $695 as GRC members or $795 if non-members. The non-member registration includes GRC membership through 2015. Students with a current identification card from an accredited institution pay just $5 which also includes GRC membership through 2015. Registration to the GRC Annual Meeting also includes entry to the GEA Energy Expo.

USA:

Where does Geothermal Fit into the Energy Landscape? (Energy Digital)

There has been much discussion about geothermal energy lately and just how it fits into the rest of the renewable energy landscape. As the fourth largest renewable (behind solar, wind, and hydro), geothermal energy is an often overlooked source of power that runs the gamut in terms of utilization.

Much of the outlook for the industry is positive as it begins to expand, but geothermal still may have a difficult time finding its place among the others.

Writing for Forbes, contributor Ken Silverstein believes that the advantage of geothermal is its lack of dependence on weather conditions, such as sunlight and wind. Silverstein also notes the importance of utility support for geothermal, some of which is currently in place and more of which is currently in various legislatures.

Read More.....

USA, Hawaii:

Lava Heading Toward Puna Geothermal Venture not Slowing Down (Hawaii News Now)

The June 7 lava flow heading toward Puna on the Big Island is not slowing down.

Experts with the Hawaii Volcano Observatory say it has traveled another quarter mile since Friday.

"Kīlauea continued to erupt at its summit and within the East Rift Zone, and gas emissions remained elevated. Slow inflation continued, and the lava lake level was 55-60 m below the Overlook crater rim. At the middle East Rift Zone, the June 27th flow emerged from a ground crack and continued advancement towards the northeast."

The U.S.G.S will be doing daily flyovers to track its progress. Besides homes and farms, the flow could also threaten high-powered transmission lines connected to the Ormat Puna Geothermal Facility.

The farthest portion of this new pad of lava was about 11.4 km from the vent on Puʻu ʻŌʻō, part of the East Rift Zone of Kīlauea volcano.

Read More......

Global:

The Geothermal Resources Council 2014 Amateur Photo Contest - Deadline is This Weekend

The 35th Amateur Photo Contest winners will be announced at the GRC Annual Meeting in Portland, Oregon, USA.



1st Place 2013: "Geothermal Sheep" by
Hildur lngvarsdottir, Reykjavik, Iceland.
The Geothermal Resources Council (GRC) reminds contestants that the deadline for this year’s Amateur Photo Contest is Sunday, August 31. The purpose of the contest is to showcase quality photography featuring geothermal energy around the world.

The winners will be announced at the GRC Annual Member Meeting and Awards Luncheon, the climax to the 38th GRC Annual Meeting & GEA Geothermal Energy Expo being held at the Oregon Convention Center, Portland, Oregon, USA from September 28 –October 1. The theme for this year’s meeting is “Geothermal: A Global Solution”.

The first place winner will receive $150, second place - $100, and third place - $75. Honorable Mention photos will receive certificates.

Photographs on any subject related to geothermal energy can be submitted such as geothermal energy production, EGS, Direct Use and geothermal heat pumps. These can include photos of well testing, drilling, operation of geothermal equipment, newly developed equipment, or plant operation, construction of a geothermal plant or plant site, and geological areas or surface manifestations (holding potential for geothermal exploration or development).

More information on the GRC Amateur Photo Contest, including a submission form, can be found on the GRC website [www.geothermal.org]. The deadline for submissions is August 31, 2014.

Global:

Geothermal Power Approaches 12,000 Megawatts Worldwide (Investorideas.com)

 Flow Test of Tol-4 Well at Tolhuaca Geothermal Prospect, by Silke Lohmar, Santiago, Chile.
In 2013, world geothermal electricity-generating capacity grew 3 percent to top 11,700 megawatts across 24 countries. Although some other renewable energy technologies are seeing much faster growth-wind power has expanded 21 percent per year since 2008, for example, while solar power has grown at a blistering 53 percent annual rate-this was geothermal's best year since the 2007-08 financial crisis.

Geothermal power's relatively slower growth is not due to a paucity of energy to tap. On the contrary, the upper six miles of the earth's crust holds 50,000 times the energy embodied in the world's oil and gas reserves. But unlike the relative ease of measuring wind speed and solar radiation, test-drilling to assess deep heat resources prior to building a geothermal power plant is uncertain and costly. The developer may spend 15 percent of the project's capital cost during test-drilling, with no guarantee of finding a viable site.

Once built, however, a geothermal power plant can generate electricity 24 hours a day with low operation and maintenance costs-importantly because there is zero fuel cost. Over the life of the generator, geothermal plants are often cost-competitive with all other power sources, including fossil fuel and nuclear plants. This is true even without considering the many indirect costs of fossil- and nuclear-generated electricity that are not reflected in customers' monthly bills.

Read More.......

Indonesia:

New Bill Opens Room for Geothermal Power Development in Indonesia (Indonesia Investments)


This new bill is expected to be a great leap in the development of geothermal power in Southeast Asia’s largest economy


Indonesia’s House of Representatives (DPR) passed an important geothermal bill in a plenary session on Tuesday. This new bill is expected to be a great leap in the development of geothermal power in Southeast Asia’s largest economy. Indonesia contains the world's largest geothermal energy reserves. However the country only uses a small fraction of this geothermal potential. Meanwhile, amid robust economic growth, the country is in serious need to provide more electricity and power to its people and businesses.

The passing of the new bill is an indication that the Indonesian government and parliament have fully realized the potential of geothermal energy for power generation in the world’s 16th largest economy and the world’s fourth most populous country after China, India and the USA. The bill was first proposed by Indonesian President Susilo Bambang Yudhoyono to the DPR on 13 August 2013.

Read More.....

USA, Nevada:

2015 GRC Annual Meeting Venue Installs Tesla Charging Stations (Reno Gazette Journal)

The Peppermill also offers an on-site geothermal aquifer to heat 100 percent of the resort's domestic water and mechanical heat


The Peppermill Resort Spa Casino in Reno has installed two Tesla Connector charging stations for Model S owners.

The high-powered connectors run off of a 240-volt circuit that supplies twice the amperage as a traditional outlet. At maximum amperage, the connector supplies power at 20 kW, adding up to 58 miles of range to a Tesla Model S in one hour.

Hotel guests can fully charge their Tesla vehicles in five hours. The Model S can travel 265 miles on a single charge, which allows Tesla owners to drive between Reno and San Francisco without recharging.

In addition to the Tesla charging stations, the Peppermill also offers an on-site geothermal aquifer to heat 100 percent of the resort's domestic water and mechanical heat and the recent installation of energy-saving LED lighting in its parking lots.

The 39th GRC Annual Meeting will be held at the Peppermill Resort Spa in Reno from September 20-23, 2015.

Tuesday, August 26, 2014

USA, California & Mexico:

Governor Brown Promotes Geothermal Energy in California and Mexico (Office of Governor Edmund G. Brown Jr.)

Says there's no better place for sun and wind and geothermal than Mexico and California


Governor Brown delivers remarks
Photo Credit: Joe McHugh, California Highway Patrol.
Less than a month after meeting with Mexico's President Enrique Peña Nieto during California's Trade and Investment Mission to Mexico, Governor Edmund G. Brown Jr. today welcomed the President of Mexico to California.

"We can come together in many ways, we can deal with climate change - there's no better place for sun and wind and geothermal than Mexico and California," said Governor Brown in remarks at today's event in Los Angeles, attended by hundreds of Mexican and Mexican-American leaders. "In so many ways, together we advance."

Read More.....

USA, California:

State Grants Promote Modoc County Geothermal Development


The California Energy Commission is investing more than $4 million to promote the development of geothermal energy resources in northeastern California, Assemblyman Brian Dahle announced Monday.

Two major projects in Modoc County were the top rated in the Geothermal Grant and Loan Program’s latest funding cycle.

The top project statewide, $1.13 million awarded to Modoc County, will allow further geological research and economic-feasibility studies into the development of a geothermal power plant at the Surprise Valley Hot Springs, near the Nevada border. Researchers from the University of California at Davis have extensively studied the region’s hot springs, which hold great potential to turn the earth’s natural heat into clean, renewable electricity.

The Energy Commission also awarded nearly $3.2 million to the Modoc Joint Unified School District for a geothermal heating system for the schools and swimming pool in the city of Alturas, using a well that was previously drilled but hadn’t been put into use. Making use of this natural heating source will cut energy costs and ensure school dollars go to educating students instead of paying power bills. Other public agencies in the county have also joined a coalition to tap into the geothermal heating system.

Read More.....

Bolivia:

Bolivia Apunta a Una Nueva Zona Con Potencial Geotérmico, SajamaNew Geothermal Project Eyed in Sajama, Bolivia (Piensa en Geotermia)

President Evo Morales is encouraging the expansion of geothermal in Bolivia since the country aims to export up to 1000 MW of electricity by 2020 to neighboring countries.


Bolivia’s President has mentioned in a recent visit to Sajama in Oruro that there great potential to develop a geothermal plant in the aforementioned area.

“We must must investigate and do thorough research, “said the Chief Executive.

According to a recent research done by Antonio Muñoz Saavedra, the volcanic nature of the Oruro region can be used to effectively harness geothermal energy.

“This energy can also be used to develop mining operations in the region,” says Mr. Saavedra.
Currently, the government is promoting the construction of a geothermal power plant in Laguna Colorada, Potosí, with an estimated output of 50 megawatts.

Leer Mas.....                           Read More......

Costa Rica:

(VIDEO 2:25 minutes)

Few countries in the world are as energy independent as Costa Rica. The small central American nation already produces 90% of its electricity from renewable sources and is on track to become the world's first carbon free economy. But geothermal energy is playing an increasingly important role in Costa Rica and engineers claim it has potential for the rest of the world.

USA, California:

Lawmakers Bet on Underground Energy (U-T San Diego)

Salton Sea
California lawmakers may decide this week whether San Diego County utility customers must underwrite a new fleet of geothermal power plants.

The proposed SB1139 legislation requires the state’s major investor-owned utilities, including San Diego Gas & Electric, to collectively contract 500 megawatts of electrical generating capacity from new geothermal power plants anywhere within California over the next decade, enough electricity to supply some 300,000 homes.

Sponsors say the legislation is designed to spur a geothermal renaissance in the Salton Sea area of the Imperial Valley, already home to the nation’s second-largest cluster of power plants that harness underground heat from deep within the earth’s crust to generate electricity.

Read More......

USA, Oregon:

GRC Annual Meeting & GEA Geothermal Energy Expo

Register now and access the goods & services of 111 exhibitors!



As of August 26 111 Exhibitors

CompanyBooth #
AFPG551
Alstom551
AltaRock Energy943
AMSA, Inc.963
AquaLocate, LLC1046
Ashland, Inc.651
A-T Controls, Inc.947
Atlas Copco Gas and Process Division966
Baker Hughes951
Bakersfield Pipe and Supply1059
Boart Longyear 642
Brush1053
BS&B Safety Systems, LLC1041
Bureau of Land Management541
Cameron849
Capuano Engineering Company747
CFG Services655
Clemessy551
Coastal Technologies, Inc.664
Cooling Tower Depot, Inc.767
Cryostar858, 856
Dewhurst Group844, 842
Directorate of Geothermal, Ministry of Energy and Mineral Resources457
DOSECC Exploration Services, LLC 1051
Drill Cool Systems, Inc.868
EGS Consulting, Inc. 846
Emerson1044, 1042
Enertime551
Environmental Management and Planning Solutions (EMPSi)554
EOST551
ES-Géothermie551
Ethos Energy768, 766
EvapTech, Inc945
EXERGY 757
Expro563, 662
Fuji Electric Co., Ltd.838, 840
GEFCO668
GEIE EMC551
GEODEEP- French Geothermal Cluster for Heat and Power551, 655, 653
Geotemps, Inc. 667
Geothermal Development Associates959, 957
Global Power Solutions752
GNS Science545
GPC IP655
Green Energy Group AS663
Horizon Well Logging656
Hudson Products Corporation967
Hydro Resources750
Imperial Irrigation District867
Industrial Builders847
Industrial Cooling Solutions746, 744
Industrial Valco / Beric Valves 869
Itasca1039
John M. Phillips, LLC965
Kelly Pipe 659
KMS Technologies 1040
Kuster, a Probe Company1065
Leapfrog Software657
Mannvit862
Mill Man Steel759
Mitsubishi Hitachi Systems Americas439
Nalco Company1056, 1058
Nash, A Gardner Denver Product1063
National Geothermal Data System665
Nevada Division of Minerals968
Ormat Technologies, Inc.639
Paul Graham Drilling & Service Co1047
PB Power547
PM International Suppliers, LLC839
POWER Africa1168-1150
POWER Engineers, Inc.845
PowerChem Technology948, 946
Quantec Geoscience 647
Reed Electric & Field Service769
Resource Cementing LLC1045
REXA556
Rotork 764
Ruen Drilling, Inc.969
Schlumberger758, 756, 754
Scientific Drilling International751
Sinclair Well Products638
SNC-Lavalin Thermal Power944
SPX Cooling Technologies644, 646
Stantec567
Stoel Rives LLP1062
Technip763
Tekmos666
Teranov653
The Energy Conservation Centar, Japan (ECCJ)546, 544
ThermaSource, LLC939, 941
Thermochem, Inc.745, 743
TIMET765
TIX-IKS Corporation539
TNG Energy Services864, 866
Torishima Pump Mfg. Co., Ltd.1038
Toshiba International Corporation - Power Systems741, 739
Transmark Services565
TRE Canada Inc.459
TurbinePROs451
Turboden439
University of Auckland543
US Department of Energy Geothermal Technologies Office447, 445
Val-Matic Valve & Mfg Corp.558
Veizades & Associates, Inc. 1055
Vooner FloGard Corporation658
Wanzek Construction552, 550
Well Analysis Corporation865, 964
Western Cultural Resource Management, Inc.640
Wieland Thermal Solutions, Lda1057
WWT International645
Zonge Engineering762

India:

Renewable Energy Award for Gujarat Geothermal Energy Pioneer (The Hindu Business Line)

For 35 years outstanding contributions in the field of geothermal and solar


Prof. T. Harinarayana
The Energy and Environment Foundation Global Excellence 2014 Award has been given to T Harinarayana, the Director of Gujarat Energy Research and Management Institute (GERMI). He achieved this award in the Renewable Energy category for his 35 year outstanding contribution in the field of solar and geothermal.

The award was made at the 5th World Renewable Energy Technology Congress & Expo-2014, held on 21-23 August 2014 at Manekshaw Centre, Delhi, India.

Indonesia:

President Yudhoyono to Open New Geothermal Power Plants (Indonesia Investments)

20 MWe of geothermal energy on Flores island


Indonesian President Susilo Bambang Yudhoyono will be present at the official launch of four geothermal power plants (the Ulumbu, Ropa, Ndunga and Mataloko plants) on 11 September 2014 on Flores (East Nusa Tenggara).

These plants will supply 20 megawatts of electricity to eight regencies on the island (West Manggarai, Manggarai, East Manggarai, Ngada, Nagekeo, Ende, Sikka and East Flores). Indonesia is estimated to have the world's largest geothermal energy reserves. However, the country only uses a fraction of its geothermal potential.

Read More.....

Philippines:

Unit 1 of BacMan Plant Resumes Operations (GMA News)

BacMan Geothermal Production Field (Courtesy EDC)
The Bacon-Manito (Bac-Man) geothermal plants in the Bicol Region have resumed operations after sustaining damage from Typhoon Glenda, adding 55 MWe to the Luzon grid, Energy Development Corp. said in a disclosure Tuesday.

Bacman's Units 1 and 2 went on unplanned outage last July 15 during the storm, EDC said.

"The typhoon-damaged cooling tower is now operational and Unit 1 has attained its rated load of 55MW," the company said.

Unit 2, meanwhile, is expected to be back online in October.

"The cooling tower restoration works is still ongoing and is being carried out concurrently with the installation of a brand-new Toshiba steam turbine rotor unit and diaphragms," the EDC said.

Earlier, EDC president and COO Richard Tantoco said the plants will contribute to the company's second half revenues when the units return to service.

Finance:

Geothermal Power Producers - Lowest Levelized Cost, Base Load Compatible And A 100-Year History (Seeking Alpha)

  • Geothermal power has the lowest levelized costs of all power generating plant designs.
  • There are a few smaller companies offering exposure to the geothermal industry.
  • Geothermal is the only alternative fuel that is also base load compatible.


Indonesia:

Geothermal Bill Passed (Jakarta Post)

Geothermal exploration no longer considered a mining activity


(Courtesy CIA.gov)
The Indonesian House of Representatives passed the much anticipated-geothermal bill into law in a plenary meeting on Tuesday. In the meeting, all factions agreed to endorse the bill to replace Law No.27/2003 on geothermal energy.

Energy and Mineral Resources Minister Jero Wacik praised the passing of the law, saying that it would let geothermal-based development projects expand further.

Jero went on to say that the government’s target to accelerate the development of a second-phase 10,000 MWe of geothermal-based power plants would be reached.

The ministry’s renewable energy and energy conservation director general, Rida Mulyana, said the newly signed law had at least four points that were different to the previous geothermal law. One of the differences was that the government no longer considered geothermal exploration a mining activity, an issue that had long hampered the development of renewable energy potentials.

Most geothermal exploration areas are thought to be located within forestry areas, which are prohibited for any excavation activities. Hampered by obstacles, only 1,300 MW out of total 29,000 MW geothermal energy potential has been tapped.

Read More......

Monday, August 25, 2014

New Zealand:

The Contact Te Mihi Power Station is Now Available in Minecraft


Welcome to Contact Energy's Te Mihi in Minecraft, an interactive Minecraft map custom built by us for you to explore. Take a journey to Taupō for an exclusive inside look into Te Mihi, a remarkable geothermal power station. Explore dark production wells deep within the earth, or mighty turbines that turn geothermal steam into electricity. Learn about this incredible renewable energy source and how it is harnessed to power our cities. The world of Te Mihi in Minecraft offers endless exploration, hidden treasures and unique discoveries within this New Zealand landmark.

USA, California:

Fitch Downgrades Coso Geothermal Power Holdings LLC's 2007 Pass-Through Trust Certificates to 'C' (Benzinga)

Fitch Ratings has downgraded the rating on Coso Geothermal Power Holdings LLC's (Coso) $629 million ($455 million outstanding) pass through certificates due 2026 from 'CC' to 'C'.

The rating downgrade to 'C' is based on Fitch's expectation that the project will fail to meet a pari passu reimbursement obligation under a drawn letter of credit (LC) due in November 2014. Failure to meet the LC obligation would trigger a technical default of the pass-through trust certificates, and a payment default shortly thereafter appears imminent.

Read More.....