Friday, February 15, 2013

New Zealand:

Mighty River Power takes Direct Control of Geothermal Interests in Chile and US-based EnergySource (News Release)


Mighty River Power Limited today announced that it had reached an agreement to take direct control of geothermal investments in the United States (EnergySource) and Chile.

The agreement with the Managing Partners of GeoGlobal Energy (GGE) LLC, the manager of the GGE Fund in which Mighty River Power is the cornerstone investor, provides for Mighty River Power to take full ownership and direct control of:

  •  The GGE Fund’s minority interests in EnergySource, a geothermal development and operating company based in the United States, including its related entities.
  •  All of the Fund’s geothermal interests in Chile, including the Fund’s development projects at Tolhuaca in Southern Chile and Puchuldiza in Northern Chile and the operating business based in Santiago and all its employees based in Chile.

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