Tuesday, May 23, 2017

Mexico: ENGIE and Reykjavik Geothermal to Jointly Develop Geothermal Projects

Mexican Ministry of Energy awards three geothermal exploration permits (News Release)

Mexico's Ministry of Energy (SENER) has issued three exploration permits to ENGIE, a global energy company, and Reykjavik Geothermal, an Icelandic geothermal development company.

These permits authorise their holders to spend three years exploring geothermal resources located in three zones, each measuring 150 km2, in Sangang├╝ey (in the state of Nayarit) and in Cerro Pinto and Las Derrumbadas (in the state of Puebla).

This major step forward in the development of geothermal energy in Mexico follows the signature of a cooperation agreement on December 7, 2015 between ENGIE, through its wholly owned subsidiary Storengy, and Reykjavik Geothermal, geared towards obtaining and jointly developing Mexico's concessions and geothermal exploration permits.

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