Friday, January 11, 2019

Canada: Prime Minister Announces Funding for DEEP Geothermal Power Project

Trudeau announces funding for Canada’s first geothermal power plant in Estevan (CTV Regina)

On his second day in Regina, Prime Minister Justin Trudeau announced funding for a new geothermal power plant near Estevan.

The federal government will provide $25.6 million in funding for a five Megawatt facility, which will produce enough energy to power about 5,000 homes while take the equivalent of the yearly emission of 7,400 cars out of the atmosphere.

The project will be led by DEEP Earth Energy Production Corporation and will be the first of its kind in Canada. The project is expected to cost $51.3 million.

In November, DEEP Earth announced their first geothermal well began operation in the Torquay area and is currently the only well in Saskatchewan.

The new power plant is expandable to 200 Megawatts; however more wells would be needed.