Tuesday, January 19, 2016

USA, Idaho: US Geothermal Updates on 68 MW of Projects Under Development

U.S. Geothermal Provides Year-End Update and 2016 Guidance (Stockhouse - News Release)

U.S. Geothermal Inc. has confirmed its previous guidance for 2015 and now provides guidance for the full year 2016.

Notable developments include:

  • Completed flow test of three major steam wells at WGP Geysers project and independent reservoir report confirmed the WGP drilled wells are capable of generating approximately 30 megawatts.
  • Drilling of well EC-2A confirmed the discovery of a commercial geothermal resource at the El Ceibillo project.
  • Received approval from the Guatemalan Ministry of Energy and Mines for a modified project construction schedule for the El Ceibillo project.
  • Drilled and tested the first and second water supply wells at Neal Hot Springs to support the potential hybrid cooling project.
  • Received permits for the temperature gradient wells at San Emidio for Phase II, and drilled five temperature gradient wells. 

Read More.........                      Full report......