US Geothermal starts drilling 2nd well in Guatemalan project

Pacaya and Agua volcanoes as seen from Guatemala City (source: Commons/ wikimedia, Sir James)

Francisco Rojas 7 Aug 2015

U.S. Geothermal Inc., a leading renewable energy company focused on the development, production, and sale of electricity from geothermal energy, is pleased to announce it is advancing two significant development projects. The Company’s wholly owned subsidiary, U.S. Geothermal Guatemala, S.A., started drilling well EC-2 at the El Ceibillo Project today.

Additionally, the Company has successfully completed a flow test program on the three largest production wells at the WGP Geysers project in northern California confirming the existence of approximately 30 MW of steam. Together, both projects have the capability of adding some 80 megawatts of electricity to the company’s annual capacity.

At the El Ceibillo project in Guatemala, drilling started on Well EC-2 which has a planned depth of 1,968 feet (600 meters). EC-2 will test a high temperature anomaly identified by a 2014 temperature gradient drilling program. Drilling was suspended after well EC-1 was drilled in June of 2013 until the project schedule for the concession could be modified. The Ministry of Energy and Mines approved the modified project schedule on July 21, 2015. The 8 day public comment period, which followed that approval, concluded without receiving any comments. We expect to receive the amended concession contract before the end of August.

To read the full press release please follow the link below.

Source: Press Release by US Geothermal