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Finance: Video Presentation - Geothermal Project Development Faces Several Risky Components

GEORISK Webinar on Risk assessment and Risk mitigation measures (EGEC)

Geothermal project development faces several risky components, the most important one being the resource risk. This concerns mainly deep geothermal projects, but some shallow geothermal open systems could also be included in this category of projects. More information on the GEORISK project........

(Video 1:00:41 Hours/Minutes)

Kenya: �We expect Quantum to start construction of their [geothermal] power plant either in March or April this year� - GDC Official

GDC allays fears over 5-year delay on Sh4.2 billion project (Standard)

Geothermal Development Company (GDC) Managing Director Johnson ole Nchoe attributed the delay in the execution of the contract to challenges in getting money from Treasury. The State is fully funding the project.

�I am happy to report that after the long delays, the project is now complete and the contractor will soon hand it over to us,� he said.

There have also been fears that the project might not offer enough steam to produce the needed power. But GDC General Manager for Resource Development Cornel Ofwona dismissed the claims, saying the Menengai field had enough steam to generate 105 megawatts (MW).

Mr Ofwona said Quantum East Africa Power Limited - one of the three independent power producers (IPPs) - has secured funding from the African Development Bank to generate about 35 MW of power.

�We expect Quantum to start construction of their power plant either in March or April this year,� Ofwona said.

Quantum ESIA Report - Click Here to download the report

USA, Alaska: Call for Applications for Geothermal Exploration near Mount Spurr Volcano

Alaska inviting geothermal exploration (News Release)

Deadline for applications: 21 March, 2019

Following a request for the nomination of land for interest in geothermal exploration, the Alaska Department of Natural Resources� Division of Oil and Gas is calling for applications for exploration near Mount Spurr volcano on the west side of Cook Inlet.

This call for applications will initiate the process to allow exploration for geothermal resources, which could result in a disposal, by either a geothermal prospecting permit or a geothermal lease. This call for applications does not constitute a final decision by the commissioner to dispose of the geothermal interest in state land; rather any disposal of geothermal resources will be preceded by a determination under AS 38.05.035(e) that the disposal is in the best interest of the state.

Call for applications (PDF)..........

From the Global Geothermal News archives:

Tuesday, June 13, 2017 - USA, Alaska: State Set to Begin Auctioning off Geothermal Exploration Rights
Friday, March 6, 2015 - USA, Alaska: Ormat Terminates Mount Spurr Geothermal Venture
Monday, May 13, 2013 - USA, Alaska: Ormat says Spurr Geothermal Project Still in the Works

Switzerland: Incentives Increased for Geothermal Power Projects

Le Conseil f�d�ral approuve la r�vision de l�ordonnance sur l��nergie - Federal Council approves revision of Energy Ordinance (Geothermie-Suisse)

Syst�me de r�tribution de l�injection (SRI) pour installations g�othermiques: le taux de r�tribution sera relev� de 6,5 c./kWh au 1er avril 2019 car de r�centes donn�es sur les co�ts montrent que les co�ts d�investissement et les co�ts d�exploitation et de maintenance sont globalement plus �lev�s pour les installations de ce type.

(From Google Translate) Injection compensation system (IRS) for geothermal plants: the rate of compensation will be raised by 6.5 cents / kWh as of April 1, 2019, as recent cost data show that investment costs and costs of operation and maintenance are generally higher for installations of this type.

Lire la suite.......... Read More.........

USA, Hawaii: Puna Geothermal Venture is working on �removing the plugs from the production wells"

Ormat Report Shows Puna Geothermal Gearing Up For Return (Big Island Video News)

Ormat Technologies, Inc., the parent company of Puna Geothermal Venture (PGV), has painted a picture of the facilities efforts to resume power production following the eruption of Kilauea Volcano.

The report breaks down the work that has already been done, saying that an access road to the site has been completed, and workover rigs have been mobilized from the mainland to Hawaii. A new fresh water well has also been drilled.

Now, PGV is working on �removing the plugs from the production wells�, put in place during the eruption to prevent a blowout from lava inundation, and �mobilizing a large rig to the island to enable drilling additional wells if required.�

�Operation of Puna power plant by the end of 2019, is subject to successful results we receive from the geothermal wells and from the plant equipment,� the report notes.

USA: Bill Would Provide a 30% Investment Tax Credit to Geothermal Projects

Grassley, Wyden offer bill to renew expired tax breaks (The Hill)

Senate Finance Committee leadership on Thursday offered a bill to renew a host of tax breaks that expired at the end of 2017 and 2018.

The legislation, from Finance Committee Chairman Chuck Grassley (R-Iowa) and ranking member Ron Wyden (D-Ore.), comes as taxpayers seek certainty in this year's filings about the expired provisions.

Grassley and Wyden said they did not favor Congress's habit of retroactively extending the tax breaks, known as "extenders," adding that they wanted lawmakers to act promptly on their bill given the filing season is already underway.

According to Paul Thomsen, chair of the GRC Policy Committee, the bill would provide a 30% investment tax credit (ITC) to geothermal projects that have commenced construction by December 31, 2019.

Text of the bill can be found Here. A summary of the bill can be found Here.

Global: Calendar of Geothermal Energy Events

Geothermal Energy Calendar from the Geothermal Resources Council

DAP Symposium 2019 (TU Delft) Urban Heating: Risks & Rewards - Integrating cities with geothermal energy

12 March, Delft, Netherlands

www.dapsymposium.nl/

8th ITB International Geothermal Workshop 2019

20-21 March, Institut Teknologi Bandung, Bandung, Indonesia

http://geothermal.itb.ac.id/

2nd Meeting On Geothermal/ Thermal Uses (ATI - UGI - AIRU)

21 March, Milan, Italy
https://www.eventbrite.it/e/biglietti-2-incontro-sulla-geotermia-gli-usi-termici-51071324707

The Eighth Annual Conference for the Development and Utilization of Deep Geothermal Energy (CUGB)

26-28 March, China University of Geosciences, Beijing, China
https://geothermal.org/pdfs/CUGB-Call-for-Paper-2019.docx

IGC Invest Geothermal

28 March, Frankfurt am Main, Germany
www.investgeothermal.com/

AAPG 3rd Hydrocarbon � Geothermal Cross Over Technology Workshop

9-10 April, Geneva, Switzerland
www.aapg.org/

XXVI Mexican Geothermal Association (AGM) Annual Congress

10-12 April, Morelia, Michoac�n, Mexico
http://geotermia.org.mx/congreso-agm/

EAGE/DGMK Joint Workshop on Deep Geothermal Energy - Underground Storage of Hydrogen

24 April, Celle, Germany
https://events.eage.org/en/2019/eage-dgmk-joint-workshop-on-deep-geothermal-energy

12th Imperial Valley Renewable Energy Summit (Imperial Valley Economic Development Corporation)

24-26 April, Imperial, California, USA
www.ivedc.com/events/imperial-valley-renewable-energy-summit-2019/

39th Euroheat & Power Congress

6-8 May, Nantes, France
https://www.ehpcongress.org/

IGC Islands Geothermal Conference

15-16 May, Terceira Island, Azores, Portugal
www.igc-islands.com/

EAGE Annual Conference & Exhibition 2019

3-6 June, London, UK
https://events.eage.org/2019/eage-annual-2019

European Geothermal Congress 2019 (EGEC)

11-14 June, The Hague, Netherlands
http://europeangeothermalcongress.eu/

6th Geothermal Congress for Latin America and the Caribbean (GEOLAC)

16-18 July, Santiago, Chile
http://newenergyevents.com/geolac/

7th Indonesia International Geothermal Convention and Exhibition (IIGCE)

13-15 August, Jakarta Convention Center, Indonesia
http://www.iigce.com/

1st Conference on Geophysics for Geothermal and Renewable Energy Storage

8-12 September, The Hague, Netherlands
https://events.eage.org/en/2019/near-surface-2019/conferences/1st-conference-on-geophysics-for-geothermal-and-renewable-energy-storage

43rd GRC Annual Meeting & Expo

15-18 September, Palm Springs, California, USA
www.geothermal.org/meet-new.html

Praxisforum Geothermie.Bayern

7-9 October, Munich, Germany
www.praxisforum-geothermie.bayern/en

IGC Turkey Geothermal Congress & Expo

6-8 November, Izmir, Turkey
https://www.igc-turkey.com/

Der Geothermiekongress 2019

19-22. November, Munich, Germany
https://www.der-geothermiekongress.de/kongress-2019/der-geothermiekongress.html

41th New Zealand Geothermal Workshop (NZGW)

25- 27 November, University of Auckland, Auckland, New Zealand
https://nzgeothermal.org.nz/

World Geothermal Congress 2020

27 April - 1 May 2020, Reykjavik, Iceland
www.wgc2020.com/

44th GRC Annual Meeting & Expo

18-21 October 2020, Reno, Nevada, USA
www.geothermal.org/meet-new.html

Friday, March 1, 2019