Canada:

Borealis Geothermal Project in North-West Territories Not Going Forward (Northern News Services)

A project to build a geothermal plant in Fort Liard has come to an unsuccessful end. Borealis GeoPower, a Calgary-based corporation, has been working with Acho Dene Koe First Nation for approximately five years on a project to build a geothermal plant in the community that would create enough electricity to meet all of the hamlet's needs.

Borealis and the Northwest Territories Power Corporation (NTPC), which was approached by Borealis to purchase the electricity from the plant, have differing views on why the project has ended.

It has been apparent since the end of December that the project wouldn't be moving forward, said Tim Thompson, the company's chief executive officer.

"We were pretty disappointed," he said.

Thompson said the primary reason the project couldn't be completed is because Borealis couldn't reach a Power Purchase Agreement with the power corporation. Among other things, the agreement would have guaranteed that the corporation would purchase the electricity generated by the geothermal plant, and the price the corporation would pay for that electricity.

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