The newly drilled and tested deep injection wells, 55-15 and 58-11, will allow production levels to be increased to between 36MW-40MW (net) shortly after the Faulkner 1 plant is returned to full service.
The production Well 91-15, drilled to 8359ft, is currently undergoing flow tests. Production pipeline and electrical service connections will take approximately 2.5 months to complete. Plant output is expected to be greater than 40MW (net) by June 30, 2010.
Additional development drilling is continuing to test a target area southwest of the current production field.
The US Department of Energy (DOE) and John Hancock are continuing with their due diligence process to support a 20-year term senior debt financing and a related DOE loan guarantee.
NGP, a renewable energy producer and developer, is focused on producing clean geothermal electric power from high temperature geothermal resources in the US.
