This brings Raser’s total projects under development to eight, representing 80-85MW of geothermal power projects initiated since April 2007. Raser announced in April 2007 that it would initiate the development of approximately 100MW per year over the following three years and then ramp up to 150MW per year for each year thereafter.
The additional project announced includes a second 10MW plant accessing the same geothermal resource that had been previously announced for Utah’s Escalante Desert. The company’s projects under development now include three projects in Nevada, three in Utah, one in New Mexico and one in Oregon.
The first project in southwestern Utah recently completed and announced the drilling results of its first well for geothermal production. The well’s preliminary readings indicated the existence of geothermal resources with promising water temperatures well in excess of 127 degree Celsius, subject to further testing and evaluation, which exceeds the minimum required temperature for use in binary-cycle power plants produced by UTC.
The preliminary geothermal resource analysis indicates adequate geothermal resources to initiate the development of a second 10MW power plant in the same general vicinity.
