Terrapin Geothermics receives exploration permit geothermal project in Alberta

The government is further demonstrating Alberta is open for business and committed to increasing investor confidence by advancing two significant energy projects in the province, so a press release today by the Alberta Ministry of Energy.

One of the projects is Teck Resources Ltd.’s Frontier oil sands project and the second is the geothermal exploration project by Terrapin Geothermics, both building on Alberta’s energy strengths, while diversifying its vast natural resource potential.

The Government has now granted Terrapin Geothermics the rights to conduct testing operations and explore the geothermal potential of an area near Grande Prairie. This allows the company to begin seeking regulatory approvals for its geothermal power project. This advancement means the project is one step closer to operating test wells within the Municipal District of Greenview.

“Projects like these show that companies have confidence investing in Alberta. Provided the projects are in the best interest of Albertans, we need to hold up our end of the bargain by ensuring timely approvals.”
Sonya Savage, Minister of Energy.

Terrapin geothermal power project is

• Located near Grande Prairie, about 450 kilometres northwest of Edmonton.
• Led by Terrapin Geothermics, in partnership with the Municipal District of Greenview and PCL Construction.
• Expected to harness the potential of a reservoir more than 2,000 metres below ground. It is estimated to produce enough geothermal energy to generate five to eight megawatts of electricity and heat – enough to power thousands of homes.
• An example of optimizing Alberta’s vast expertise in drilling and technology to create innovative approaches to using the province’s natural resources.

Source: Press Release by Alberta Ministry of Energy, Municipality of Greenview/Alberta