KuTh Energy applies for exploration licenses on Vanuatu
Alexander Richter
1 Feb 2009
As announced by the company, KUTh Energy has submitted applications for two geothermal exploration licences on Efate, the main island of Vanuatu (Figure 2), through its Vanuatu-incorporated subsidiary KUTh Energy (Vanuatu) Ltd.
As announced by the company, KUTh Energy has submitted applications for two geothermal exploration licences on Efate, the main island of Vanuatu (Figure 2), through its Vanuatu-incorporated subsidiary KUTh Energy (Vanuatu) Ltd.
Significant exploration for conventional geothermal energy resources on Efate was undertaken during the 1980s based on the occurrence of hot springs in the northern and southern parts of the island and the desire to move Vanuatu away from dependence on high-cost diesel electricity generation. Recent volatility in oil prices coupled with the greater awareness of climate change has created a dynamic shift towards further interest in renewable energy sources.
The company states that, “should its applications be granted by the Vanuatu Government, KUTh Energy intends to apply modern exploration techniques to confirm and refine the earlier results. If successful KUTh Energy will proceed to commercial discussions with electricity off-take users and commence exploration drilling as quickly as possible.
