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US Geothermal reports on its El Ceibilio project in Guatemala

US Geothermal reports on its El Ceibilio project in Guatemala Crater of the Pacaya volcano, Guatemala (source: flickr/ gregw66, creative commons)
Alexander Richter 27 Apr 2012

US Geothermal continues development activities at its El Ceibello project in Guatemala, currently working on securing a local equity partner and power purchase agreement for the project.

In a recent corporate update, U.S. Geothermal announced that it is continuing with the development activities on the El Ceibello project. There are efforts underway to secure a local, well capitalized equity partner and a power purchase agreement for the project.

“The concession contains 24,710 acres (100 square kilometres) located in the center of the Aqua and Pacaya twin volcano complex. A key asset included in the concession is the El Ceibillo geothermal project which has nine existing geothermal wells with depths ranging from 560 to 2000 feet (170 to 610 meters) and a significant amount of geophysical and other technical data completed during the 1990s. The first of these wells encountered unexpectedly high temperatures and produced a mixture of steam and water. Six of the wells have measured reservoir temperatures in the range of 365 to 400 degrees F (185 to 204 degrees C). Fluid samples and rock cutting data from the wells suggest the existence of a deeper, higher-permeability reservoir at this site with temperatures ranging from 410 to 446 degrees F (210 to 230 degrees C). These wells have high conductive thermal gradients that indicate rapidly increasing temperatures with depth.

El Ceibillo is located in an industrial zone with major electrical transmission and distribution lines nearby. The Company has already completed preliminary reservoir, transmission and environmental studies for the project.”

Source: company release via Marketwatch