In conjunction with the launch of operations, Western GeoPower has submitted bids to the Chilean Ministry of Mines for the acquisition of three geothermal exploration concessions in the north of Chile that were recently presented for competitive bidding by the ministry.
Over the past six months, Western GeoPower and its independent consultants, GeothermEx of Richmond, California have been conducting a technical review of the geothermal potential for Chile and a field reconnaissance of selected geothermal sites. The review has identified several locations of significant resource potential throughout Chile, including the concessions currently under bid at Pampa Lirima and Polloquere.
Kenneth MacLeod, president and CEO of parent company Western GeoPower, said: To demonstrate our commitment to becoming a significant participant in the Chilean electricity sector, Western GeoPower has assembled a strong team to run the operations in Chile.
The worldwide geothermal expertise that GeothermEx brings to the relationship makes the collaboration between Western GeoPower and GeothermEx a strong contender for assuming a leading role in geothermal development in Chile.
