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Thursday, November 10, 2016

Canada: Funding Provided for 15 MWe/135 MWth Geothermal Energy Development

Kitselas First Nation focused on geothermal energy (BC Gov News)

With support from B.C.’s First Nations Clean Energy Business Fund, Kitselas First Nation is pursuing private power purchase agreement partnerships with major project proponents in northwest British Columbia. These partnerships will support the exploratory drilling stage for the proposed Kitselas Geothermal Power Generation Project.

The Kitselas First Nation will receive $10,000 in capacity funding to support negotiations with major project proponents to establish private power purchase agreements for the sale of electricity from the proposed plant. Kitselas will also seek a private power purchase agreement with a local buyer for thermal energy produced by the plant.

The plant would harness geothermal energy, producing 15 megawatts of electricity with the potential to provide another 135 megawatts of thermal energy as a main heat source for local businesses. Other benefits include enhanced energy security, the offset of greenhouse gas emissions and the creation of up to 75 jobs over the construction and operation phases, including 15 long-term jobs.

The Kitselas Geothermal Power Generation Project is a project of LL Geothermal Inc., a company formed by Kitselas Development Corporation and Borealis Geopower. It is set to be one of Canada’s first geothermal power plants.

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