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Mexican Icelandic JV awarded concession in Mexico

Mexican Icelandic JV awarded concession in Mexico Ceboruco Volcano - Nayarit Mexico - Mexxus Drilling
Francisco Rojas 14 Oct 2013

Project will have two phases adding up to a total of 100MW and plans to start drilling in the first trimester of 2014

Mexxus RG, a joint venture formed by Mexxus Drilling International and Reykjavik Geothermal. Mexxus RG just got awarded a Geothermal Resources License to develop the Ceboruco Geothermal Prospect, in the Western portion of the Mexican Volcanic belt in the state of Nayarit.

Mexxus Drilling is a Mexican leading geothermal drilling services provider with on-going activity and experience primarily in support of CFE’s geothermal activities in Mexico.

Reykjavik Geothermal is a globally active geothermal developer whose management team members each have 20 or more years of experience in geothermal development in Iceland and geothermal regions around the world. The project will be divided in two phases; Phase # 1 will be that of 30MW and Phase# 2 will be that o 70 MW.

The company has plans to begin the exploratory drilling phase in the first trimester of 2014. The Ceboruco Geothermal Concession is the first geothermal IPP in the history of Mexico.

Source: Company release by email.