Mexxus RG (Mexicali, Baja California, Mexico), a joint venture between Mexico's Mexxus Drilling and Iceland's Reykjavik Geothermal, recently began drilling for the 30 MW Ceboruco Geothermal Power Station.
The power station will be located about 17 kilometers northwest of Ixtlan Del Rio, in the state of Nayarit, Mexico. The total estimated value of this investment is about $115 million.