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There she blows

There she blows

Geotherm Group Limited has taken a giant step forward today in the development of its geothermal power station near Taupo with the initial discharge tests of the first exploratory well at a depth of 2031 metres.

Geotherm Chairman of Directors Alistair McLachlan said early indications from the well were very exciting.

“It is looking as if the temperatures and pressure for geothermal energy production in this field is even better than we anticipated.

“This first deep well gives Geotherm the confidence to proceed with the planned 60MW geothermal power station. The project will take two years to develop so could be ready for commission in November, 2008.”

Two of the world’s leading geotechnical experts from California were on hand to witness the event: Subir Sanyal from GeothermEX and Ann Robertson-Tait.

“Geotherm’s plant is designed to the highest environmental standards and will use the newest and most advanced technology to reinject thermal fluid at depth to maintain a renewable geothermal resource indefinitely.

“The development will help to increase the security and reliability of New Zealand’s electricity supply and improve efficiency in the market in an environmentally responsible and sustainable manner,” Mr McLachlan said.

Ends

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