Monday, January 4, 2016

Chile: Mariposa Geothermal Project Could be Restarted This Year

EDC to pursue Chile geothermal drilling (The Standard)

Drill site MP-02 at the Mariposa geothermal Project (Courtesy Alterra Power)
Philippines company Energy Development Corp. (EDC) wants to resume drilling for the Mariposa geothermal project in Chile this year, after deciding to postpone it in October, a company official said.

EDC decided to postpone the three-well drilling campaign for the Mariposa project amid the continuing decline in world prices.

EDC said it continued to pursue development activities at the Mariposa project with greater focus, including conducting further environmental and technical studies for the steamfield, power plant and transmission line interconnection.

The project, located in the Andes Mountains some 300 kilometers south of Chile’s capital city of Santiago, covers two geothermal exploitation concessions, Pellado and Laguna del Maule, the rights to which are owned by Compañía de Energía Limitada where affiliates of EDC and Canada-based Alterra Power Corp. hold 70-percent and 30-percent stakes, respectively.

In October Alterra Power Corp. announced that the drilling campaign for the Mariposa geothermal project in Chile has been rescheduled for late 2016.

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