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Wednesday, March 12, 2014

Canada:

B.C Geothermal Project Gets Traction (Terrace Standard)

Kitselas First Nation, Enbridge, and Borealis GeoPower have signed a deal that could see a power-producing geothermal plant built in the Mount Layton hot springs area.

A first step was to pay $100,000 to the province earlier this year for the exclusive subsurface rights to 2,865 hectares of land south of Lakelse Lake, on traditional Kitselas territory.

LL Geothermal Inc., a consortium of Kitselas, Enbridge and Borealis GeoPower can now apply for authorization to drill in the area, and if it discovers a geothermal resource and decides to proceed with a plant, it can apply to convert the permit to a lease.

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