Saskatchewan geothermal project to start drilling in February 2017
A Saskatchewan, Canada based geothermal project is planning to start drilling in February 2017 and could become Canada's first geothermal power plant.
Canada is still waiting to see the first real geothermal project to succeed delivering geothermal power to the country.
Now, the geothermal project of Deep Earth Energy Production (DEEP) is likely to be the first one. With its project in Sasaktchewan, the company has been trying to get an important pilot project up and running.
The company plans to start drilling in February 2017 as part of a $8 million feasibility study. The investment is coming from Regina-Saskatchewan based MPM Construction Services, which is investing in the company for equity. Working plan and final reporting for the project will be conducted by GeothermEx, a Schlumberger company.
As reported by Alberta Oil Magazine, Kirsten Marcia, DEEP CEO says the project will require a total investment of $45 million.
Preliminary results on the project site are promising and suggest that it is a utility-scale project that will be economically and technically viable. For the state utility SaskPower, it is an interesting first step to acquire baseload renewable energy power. A term sheet for a potential PPA is currently being discussed.
With an initially planned 5 MW net power capacity from a 10 MW plant, half of the power produced will have to be used to run the system.
The long-term plan of DEEP is to build and operate several geothermal power plants utilising nearby oil and gas wells.
For further details and background on the project see Alberta Oil Magazine’s article, link below.
Source: Alberta Oil Magazine