Monday, October 29, 2018

Portugal: Tender to Drill New Wells at Azores Geothermal Power Plants to Open in January

Tender: Pico Alto and Ribeira Grande Geothermal Fields - Drilling of new geothermal wells - Terceira and São Miguel Islands, Azores, Portugal

EDA Renováveis, S.A. announces the release of a drilling tender during January 2019 to award the provision of drilling services for geothermal wells in Ribeira Grande Geothermal Field (São Miguel Island) and Pico Alto Geothermal Field (Terceira Island), Azores, Portugal.

EDA Renováveis, S.A. is an affiliated company of the regional electric utility EDA – Electricidade dos Açores, S.A and operates three geothermal power plants: Ribeira Grande and Pico Vermelho plants at São Miguel Island, with a combined net capacity of 23 MW and representing 43% of the electricity consumed on the Island and Pico Alto power plant, located at Terceira Island, with a net capacity of 3.5 MW representing about 12% of the electric consumption of the Island.

The campaign is designed to drill up to 8 geothermal wells: 3 production wells to saturate the power capacity installed at Ribeira Grande power plant (13 MW), 2 geothermal production wells to expand the power capacity of Pico Vermelho power plant to 15 MW and 3 geothermal production wells to saturate the actual power capacity installed in Pico Alto power plant and accommodate a possible expansion.

With the execution of this investment plan, the role of geothermal is expected to become even more significant in the Azorean power market, providing self-sufficiency to the archipelago and contributing towards the achievement of the European goals in what concerns renewable energy.

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