News

Project in Colorado receives $2 million in funding for initial exploration work

Project in Colorado receives $2 million in funding for initial exploration work Pagosa Hot Springs, Colorado (source: flickr/ colorado trips, creative commons)
Francisco Rojas 8 Dec 2014

The Pagosa Area Geothermal Water and Power Authority has been granted $1,986,000 from the Energy and Mineral Impact Assistance Fund to undergo initial geothermal exploration work

Good news for Colorado since a large sum of money given to the Pagosa Area Geothermal Water and Power Authority (PAGWPA) by the Colorado Department of Local Affairs (DOLA) will be destined “to confirm the presence of geothermal resources whereby such geothermal resources can be developed as a possible power source for the area.”

According to local news, PAGWPA will be given $1,986,000 from the Energy and Mineral Impact Assistance Fund to undergo the initial exploration work.

The same news source details that the grant money will cover these 3 areas:

• “Drill approximately six gradient wells 1,500 to 2,000 feet in depth and analyze the data collected from those wells. An interim report will be developed from the gradient well data that portrays the results and what was learned.”

• “Drill approximately three deep exploration wells, approximately 5,000 feet in depth, into the geothermal water reservoir to determine the resource’s quantity and quality of the hot water resource. A final report will be developed that contains all the data collected and recommendations for further development of the resource.”

• “Site reclamation and stabilization. The gradient wells will be stabilized and reclaimed, and the exploration wells will be shut in and the sites reclaimed.”

To read the full article, please follow the link below:

Source: Pagosa Spring Sun