Transmark Chile awarded exploration concession at San Alberto, Chile

San Alberto, Chile (source: Transmark Renewables)
Alexander Richter 9 Nov 2011

Transmark Chile, a fully owned subsidiary of Transmark Renewables, has been awarded an exploration concession at San Alberto in the Antofagasta region in the north of Chile.

Reported yesterday, “Transmark Chile, a 100% subsidiary of Transmark Renewables, has been awarded with the exploration concession “San Alberto” after having successfully applied for it in the public tender round held last year.

San Alberto covers an area of 990 km2 and lies in Chile’s northern Antofagasta region, close to the international borders of Argentina and Bolivia. The area is volcanically active, with the surrounding environment characterized as highland tundra / desert (Altiplano). Within the concession area, elevation changes between 4200m and 5100 m and various thermal surface manifestations have been identified, amongst others Ojos de Tara at 20 °C and Aguas Calientes at 50 °C. Initial exploration is expected to start in the beginning of 2012.

Chile is considered as one of the most attractive countries for the utilization of geothermal energy worldwide. The geological setting of Chile provides strong potential and at the same time the economic growth of the country requires new installed, stable, generation capacity.

In order to focus on the actual realization of projects, Transmark Renewables have identified Chile, next to the successful operation in Turkey, as one of their key selected markets. Transmark Renewables wants to significantly contribute to the acceleration of the still relatively immature geothermal development and with its fully dedicated in-house team it has already become a significant player in the global geothermal market.”

Source: Transmark Renewables