The first milestone was the successful completion of the Habanero 4 well and commissioning of the 1 MWe Habanero Pilot Plant in April 2013. Realizing this long held goal is a significant achievement and an important demonstration of EGS technology. As one of only three EGS plants operating globally and the first new EGS plant to be commissioned for a significant period of time, there has been a great deal of interest in our results around the world, particularly in the unique reservoir behavior of the Innamincka granite resource.
The second milestone was the acquisition of our first international project with the agreement to acquire up to 70% of the Savo Island Geothermal Power Project in the Solomon Islands announced in November 2012. Savo Island is a high quality conventional geothermal project well positioned to supply the growing demand for power in the city of Honiara. The initial feasibility study and inferred resource statement released in April 2013 showed the potential to develop a 10 - 20 MW
project based on a high quality shallow geothermal resource delivering power to customers by the end of 2017.
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