New developer targeting development on the Canary Island of Tenerife
The city of Guimaras and Sloval geothermal developer Arllen Development have signed a framework agreement on a geothermal power project on the island of Tenerife on the Canary Islands off the coast of Africa belonging to Spain.
Reported last week, the Canarian municipality of Guimaras, in the southeast of the island of Tenerife, will likely host the first high temperature geothermal project of Spain.
Slovakian company Arllen Development , with which the City of Guimaras has spent months working to move forward an ambitious project that will include a wastewater treatment plant for agriculture and desalination of sea-water into potable water, which would work with the planned geothermal power plant.
The developer has already signed a purchase agreement from a quarry located in the former mining area of The Canyons, and a management company will be established with several local and international investors, who have already shown interest in joining a project which is expected to start operating in late 2018 , after the mandatory environmental impact studies, and that will create one hundred jobs, as explained Wednesday the Consistory Tenerife.
The president of Arllen Development, Pavol Matusik , and his team have had several meetings with the mayor in Guimaras and municipal technical staff, who have worked on this project for months. In late January 2014, a framework agreement on a “roadmap” for technical studies on the feasibility of implementation of these projects in the town was signed by the two players.
The Geological and Mining Institute of Spain (IGME) notes that although there are several low-temperature geothermal reservoirs in the country, whose energy is used for heating and hot water supply, yet there are plants that take advantage of high-temperature deposits for generating electricity. The only large areas with possibilities of existence of high temperature deposits are located in the Canary Islands, given its volcanic morphology , and in the Southeast.”