Taufkirchen project in Germany prepares construction and discusses financing options
Drilling site of the Taufkirchen project, Germany - early 2012 (source: maps@Google)
Alexander Richter
5 Dec 2012
The project of Taufkirchen in Bavaria, Germany is currently preparing its project site for the construction of the power plant and is evaluating financing options for the expected investment of $39 million.
In a release on its activities in the German market, geothermal drilling company Daldrup & Söhne AG provides an update on its Taufkirchen project in the South of Germany.
The project is a joint venture of Geysir Europe (Daldrup owns 75% in this company), the Swiss utility Axpo AG (35%), local utility Oberhaching (19.75%) and bioEnergie Taufkirchen (0.25%).
The project currently removes the drilling pad and prepares the site for the construction of a power plant, which is expected to be a Kalina binary plant.
There are ongoing discussions with potential financing partners for the financing of the construction, which is expected to be around EUR 30 million ($39 million).
Source: IWR (in German)
