Wednesday, September 27, 2017

USA, Idaho: New Production Well at Raft River Geothermal Power Plant Increases Generation by 1.6 MW

U.S. Geothermal Inc. Provides Updates on Raft River Expansion and The El Ceibillo Development Project (News Release)

U.S. Geothermal Inc. is a sponsor of the GRC Annual Meeting & GEA GeoExpo+ being held October 1-4 in Salt Lake City, Utah, USA

U.S. Geothermal Inc., has provided an update on two of its projects.

Raft River, Idaho
The addition of a new production well (RRG-5) and an upgraded injection pump during 2017 have resulted in a total annual average increase of 1.6 net megawatts of generation at Raft River. The upgraded injection pump was installed in August, after which the flow rate from RRG-5 was increased and additional flow from rebalancing the wellfield was realized. This increased generation is captured under both our current power purchase agreement and REC contracts, and is expected to provide an estimated $1 million dollar increase in revenue for 2018.

Further improvements to the plant and wellfield are being analyzed and will be considered in the future.

El Ceibillo, Guatemala
U.S. Geothermal Guatemala S.A., a wholly owned subsidiary of U.S. Geothermal, Inc., has been awarded a $825,319 grant from the U. S. Trade and Development Agency (USTDA).  The grant provides funding for a feasibility study on the El Ceibillo Geothermal Power Plant Project, which will be led by POWER Engineers, Incorporated, headquartered in Hailey, Idaho. The scope of the study is to update the resource evaluation, power plant design, financial analysis, environmental and regulatory review, and EPC technical specifications and bid package evaluations, in order to advance the Project to a construction-ready state.  We expect this study to begin within the next two months, with scheduled completion by the end of 2018.

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