U.S. Geothermal In Talks for PPA for El Ceibillo Project (4-traders - News Release)
U.S. Geothermal Inc., announced today that its wholly owned subsidiary, U.S. Geothermal Guatemala, S.A., signed a binding
Memorandum of Understanding (MOU) with one of the largest distributors of electricity in Central America to negotiate a power purchase agreement (PPA) for the
El Ceibillo Project located near Guatemala City.
The MOU establishes the framework for a PPA that includes a 15-year term for up to 50 MWe of power generation each year. The MOU includes a project power price that is competitive with the prevailing energy prices in the region. As published by Guatemala's wholesale market administrator, this year's average monthly spot power price through September is more than $145.00 per megawatt-hour.
