China Eyes Valemount Geothermal (The Rocky Mountain Goat)
English language Version........
The Chinese government is interested in investing in foreign alternative energy, and a geothermal project in the Canoe Reach, just south of Valemount, might fit the bill.
“It’s an exciting new opportunity,” says Craig Dunn, though he admits he’s stopped getting too excited about interim discussions, and this one is preliminary so far.
Dunn is the chief geologist and spokesperson for Borealis Geopower, the Calgary-based company that has been doing leading-edge science and non-invasive exploration of the Canoe Reach to try to determine the best place to drill in order to generate electricity using geothermal heat. The company has been approached by a Canadian branch of the China Overseas Investment Union (COIU) that is interested in investing in a geothermal power project in BC.
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