Centram Geothermal and ADAGE partner on Central America projects

Crater of the Pacaya volcano, Guatemala (source: flickr/ gregw66, creative commons)

Alexander Richter 8 Aug 2013

Centram Geothermal Inc., a development company with geothermal projects underway in Guatemala and Panama recently announced that “it has entered into an agreement with ADAGE Ventures Inc. regarding the exploration, development, and financing of the Company’s projects.

ADAGE is a private Canadian company specializing in sourcing, designing, structuring, financing and developing geothermal energy solutions. The ADAGE team has broad and deep expertise in geology, renewable energy development in emerging economies, strategy consulting, finance and law. Under the agreement, ADAGE can earn an interest in Centram by achieving certain milestones in the progression of Centram’s projects.

ADAGE’s Vice-President, Geology, Ryan Libbey has extensive experience working on geothermal projects ranging from the small-scale, early-stage operations to operational utility-scale geothermal fields. He has conducted extensive research and exploration on geothermal systems in Africa, Canada, Iceland, New Zealand and the United States. Ryan is the founder of the Canadian Geothermal Research Council, regularly presents papers at industry conferences and is the recipient of a number of prestigious geological awards. He studied geothermal geology at the University of Western Ontario (BSc) and McGill University (PhD). “We are very pleased to have the ADAGE team on-board to help develop our projects,” said John Paterson, Centram’s President and CEO. “Their expertise and efforts are expected to add significant value as we move forward.” he added.

Source: Company release via WireService