Tuesday, September 2, 2014

Colombia:

USTDA Supports Geothermal Power Plant in Colombia (News Release)

Last week, the U.S. Trade and Development Agency (USTDA) awarded a grant to Empresas Públicas de Medellín E.S.P. (Public Enterprises of Medellín, or EPM) to evaluate the technical, economic and financial feasibility of constructing one or more geothermal power plants in Colombia's Nereidas Valley. EPM is a multi-sector utility founded in 1955 that is owned entirely by the Municipality of Medellín, the second largest city in Colombia. It is the largest electric utility in Colombia and has subsidiaries that operate outside of its home department of Antioquia as well as internationally.

EPM has selected Dewhurst Group LLC (Germantown, MD) to carry out the feasibility study, which includes geologic conceptual modeling, site and infrastructure engineering, and the computation and estimation of economic performance. Dewhurst was first introduced to the project opportunity during EPM's participation in a USTDA-sponsored geothermal reverse trade mission in 2011. The work performed by Dewhurst will provide EPM with the information necessary to perform resource confirmation drilling and make the required infrastructure upgrades to prepare for the procurement of a scalable electrical power plant.

Dewhurst Group LLC is exhibiting at the GEA geothermal Energy Expo, being held in conjunction with the GRC Annual Meeting, September 28 - October 1, at the Oregon Convention Center, Portland, Oregon, USA.

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