Record permit sale in BC/ Canada – learn more at CanGEA’s Annual Conference, September 14-15, 2011

Record permit sale in BC/ Canada – learn more at CanGEA’s Annual Conference, September 14-15, 2011 CanGEA Annual Conference and Investment Forum, Toronto, September 14-15, 2011
Alexander Richter 4 Aug 2011

British Columbia held successful geothermal permit sale, selling 3 permits at a record price. This and more will be topics at the Canadian Geothermal Energy Association's (CanGEA) upcoming Annual Conference & Investment Forum in Toronto, September 14-15, 2011.

In July the province of British Columbia held a geothermal permit sale for crown land in the province. The results were stunning as a record price was paid for one of the leases. What is interesting is that people don´t seem to know who the companies are that bid and won in this public tender. So it will be exciting to hear.

This and more will be topics at CanGEA’s 4th Annual Conference and Investment Forum in Toronto, September 14-15, 2011.

While in the past Canadian companies have predominantly been active outside of Canada, representing a large share in U.S. geothermal development, development in Canada is happening and could be increasing over the next few years.

To present the industry and showcase activities by its members and the industry, CanGEA is proud to invite you to CanGEA’s 4th Annual Conference and Investment Forum to take place at the One King West Hotel & Residence in Toronto, Ontario, September 14-15, 2011. We have been able to attract high-level speakers from Canada, the United States, Iceland, Switzerland, Indonesia, Argentina to present their companies and activities. The event also features two workshops on geothermal energy and the Canadian Geothermal Code for Public Reporting on September 13, 2011.

Details & registration:

Printable Overview: Conference Information Package (pdf)

Among the high-level speakers of the conference are:

  • Ross Beaty, Chairman and CEO of Alterra Power Corp.,
  • John McIlveen, Research Director at Jacob Securities,
  • James Slutz, President North America of Indonesian Star Energy,
  • Warren Levy, Chairman and CEO of Estrella International Energy Services,
  • Tyler Hamilton, Clean Energy & Technology Reporter, Toronto Star
  • Charles J. Arrigo, Advisor, Glacier Securities,
  • Michael Ronzello, Geothermal Business Development Manager, Pratt & Whitney,
  • Stephan Jacob, Underwriter at MunichRE,
  • Tim Thompson of Borealis GeoPower,
  • Alexander Richter, Director, CanGEA
  • Dan Fleischmann, Project Initiator Manager, Ormat Technologies,
  • Hrefna Bachmann, Director, Íslandsbanki,
  • Jörg Uhde, Head of Geothermal Business Unit at Swiss utility Axpo AG,
  • Kirsten Marcia, President & CEO, DEEP Earth Energy Production.

The event will feature Canadian development, activities by developers internationally, drilling and drilling services, geothermal direct use applications, policy needs, power plant options and our annual investment forums looking at financing geothermal projects and the potential insurance of exploration risk.

We thank Islandsbanki for its support of the conference. There are some great sponsorship opportunities still available, including various price ranges and an exhibition opportunity. Details:

Read more on the conference website

BC helds successful geothermal permit sale

The Ministry of Energy and Mines in the province of British Columbia has released the results of the Crown Geothermal Rights Public Tender held July 26, 2011. It accepted the offers for the three permits sold in this tender process. This is a record price having been paid for geothermal permit so far.

The 3 permits generated an income of $229,108.10 for a total of 8,056 hectares close to Lilloet, British Columbia. Two of the permits were purchased by Salal Geothermal Inc. and the other by 214979 Ontario Inc.. Further details on those companies is not available at this point in time.

(currency is in Canadian dollars)

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