geothermal energy weekly august 1 2013

8/22/2019 Geothermal Energy Weekly August 1 2013

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Geothermal Energy Association August 1, 2013

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This weeks contents:

National News 3Tax Reform Building Steam in CongressRenewables Leaders Provide Statement for Hearing on Energy Tax ReformNon-Hydro Renewables Generation Drawing Even with Conventional HydroGina McCarthy Heads Up EPAACORE Announces Interim CEO Michael Brower

GEA Member Companies 5Alterra Power: Company Value is BuildingCalpine Corp.: Marin Energy Authority Signs PPAEnel Green Power: Company Invests Big in GeothermalGeoTek: Texas Energy Technology Company Advances with DOE Research AwardRam Power: Nicaragua Refurbishment Drilling Commences; San Jacinto-Tizate Phase II Construction Loan Converted to Term Loan

U.S. Geothermal: Innovative Technology Neal Hot Springs Power Plant Reaches Final Completion

State News 7California: Op-Ed -- Geothermal Power Provides Clean and Safe Power for CaliforniaCalifornia: Fairfield Congressman Praises GeothermalColorado: Pagosa Verde to Drill Test Wells for Geothermal Generation ProjectColorado: Aspen Drilling CompleteColorado: Capitol Gets Geothermal SystemHawaii: Draft Report Looks at Health and Safety Issues Idaho: State Ripe with Potential, Govt Support NeededIdaho: Phase Two of Ball State Geothermal System ApprovedIllinois: Governor Quinn Signs GEO Thermal Definition into Law

Wyoming: Lone Star Geyser StudiedInternational News 10

AfricaDjibouti: Geothermal Momentum ContinuesKenya: Maasai Community Claims LandRwanda: Karisimbi Drilling BeginsTanzania: Symbion Signs for GeothermalUganda: Geothermal can Supply Needed Electricity

AmericasCanada: CanGEA Releases Roadmap ReportPeru: Geothermal Development Plan Released; Hot Rock Holds Top Projects


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Asia & the PacificAustralia: Innamincka Owners Talk PPAAustralia: Switch from Carbon Fee to Cap and Trade System AcceleratedIndia: Leaders Support GeothermalIndonesia: PGE Seeks Flexible Geothermal LoansJapan: Geothermal Drilling Surveys CommenceMalaysia: Preparations Underway for Apas Kiri GeothermalNew Zealand: Geothermal Commissioning at Contact Energy Ltd.s Te Mihi Power Station

The Philippines: PSALM Bidding Out Visayas Geothermal EnergyThe Philippines: EDC Posts Results, Basic Seeks PartnersThe Philippines: Agreement Needed at Tiwi-MakBan

EuropeEurope Faces Challenges in RE GrowthSaudi Arabia: National Energy Plan Alloted $109B for RenewablesUK: Crewe Site Approved for Feasibility Study

Industry & Applications 14Geothermal Growing Globally, BP Review ShowsIEA Releases Medium-Term Renewable Energy Market Report 2013Renewable Energy Industry May Spend Three Times as Much on Insurance Annually by 2020National Academies Release Video on "Energy Technologies and Manmade Earthquakes"GHPs Crucial to Efficient Energy Future, says GEOGeothermal Heat Pumps Could Surpass $17B Annually by 2020

Community Notice Board 16New This Week

Bids Invited for Three 30-MW Modules, Geothermal Development Company, Menengai, Kenya (Meeting Aug. 23)Feasibility Study, KenGen, Olkaria, Kenya2013 GRC Annual Meeting Registration Now OpenStanford Geothermal Workshop Abstract Submission (due Oct. 22)Jobs: Geothermal Development Company, Kenya

Featured NoticesNational Geothermal Academy Returns to Univ. Nevada-Reno (July 8 thru Aug. 2)

Zayed Future Energy Prize Seeks Submissions (due Aug. 5) RFP for Long Term Energy Contracts, Connecticut (due August 5)EOI Sought for Feasibility Study at Olkaria I (due Aug. 15)Reykjavik Energy Seeks a PhD Student for CO2-REACT (deadline Aug. 31)Women in Geothermal (WING) First Annual MeetingCall for Bidders for Geothermal Replacement Parts, East Africa Power CompanyFirst Annual Best Student Geologic Map Competition, USGS (deadline Sept. 6) GEA Honors Nominations are Open (due Sept. 6) Savannah US Army Corps of Engineers Seeks Rig, Tooling for Geothermal Work (respond by Sept. 30)35th New Zealand Geothermal Workshop Happening in Rotorua, NZ (Nov. 18-20)West Va. Geothermal Start-up Seeks Experienced Individual to Join Management TeamRFP for a Renewable Energy Project, Chugach Electric (rolling submissions thru March 31, 2014)

GEA Events 19Registration Opens for GRC Annual Meeting & GEA Geothermal Energy Expo; Special Deals for Early Birds and StudentsGeothermal Energy Expo 2013, Las Vegas, NV (Sept. 29-Oct. 2)GEA Chairing Geothermal Track at Renewable Energy World Conf. & Expo NA, Orlando (Nov. 12-14)


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National News

Tax Reform Building Steam in Congress

The Senate Finance Committee will mark up comprehensive tax reform legislation this fall, legislators said this week. This would be the

first overhaul of the tax system since 1986. If we could agree at the outset that the purpose of tax reform is not to grow the government

but to have a more competitive country in the global economy, Id be all for it, Senate Minority Leader Mitch McConnell (R-Ky.) was

quoted in press.

The Finance panel is led by Sen. Max Baucus (D-Mont.) and Sen. Orrin Hatch (R-Utah). The Senators have stressed tax expenditures and

other provisions should help grow the economy, make the tax code fairer, or effectively promote other important policy objectives.

A letter signed by Senators Jeffrey Merkley, Edward Markey, Brian Schatz, Angus King Jr, Tim Johnson, Elizabeth Warren, Tom Udall, and

Tammy Baldwin and addressed to Baucus and Hatch offers strong support for tax incentives that will grow Americas clean energy

sector. The letter supports legislation that achieves goals to (1) Increase investment in clean energy; (2) Provide long-term policy

certainty; (3) Create parity across clean energy technologies, while still accommodating diverse needs; and (4) Expand access to low-cost

private capital.

In the House, a letter written by Reps. Raul Ruiz, Earl Blumenauer, and Jon Runyan urges support for renewable energy in tax reform.

Maintaining policies in the tax code that promote investment in and deployment of renewable energy technologies will help ensure that

the American consumer continues to benefit from renewable energy innovations while also reaping the benefits of a diverse energy

economy, it reads. The letter is addressed to Chairman Camp and Ranking Member Levin.Thehill.com;Geo-energy.org

Renewables Leaders Provide Statement for Hearing on Energy Tax Reform

A Senate Finance hearing on July 31 targeted principles for energy tax reform, drawing leaders of 10 renewables associations to join in a

statement for the record (given in full below). The Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructures

hearing was titled Powering our Future: Principles for Energy Tax Reform. The subcommittee is chaired by Senator Debbie Stabenow

(D-MI).

This renewables statement is signed by leaders of the Solar Energy Industries Association, Offshore Wind Development Coalition,

Geothermal Energy Association, Alliance for Industrial Efficiency, American Biogas Council, American Wind Energy Association, Energy

Recovery Council, National Hydropower Association, Biomass Power Association, and Distributed Wind Energy Association:

Dear Madam Chairwoman:

On behalf of our thousands of member companies and more than half a million Americans working in our industries, we urge the Congress

to extend the production tax credit (PTC) and the investment tax credit (ITC) [in Sections 45, 48 and 25D of the Internal Revenue Code],

with a commence construction eligibility standard for both tax credits. Moreover, under any given tax incentive structure, there should be

parity in the tax code between technologies. This would mean updating the tax code to ensure that technologies receive comparable

incentives rates and equal accessibility within any given tax incentive structure.

Access to a diverse, abundant, reliable and affordable supply of energy is inarguably in the national interest. Over the last century, federal

policies have provided a legislative and regulatory framework that have helped every major source of energy utilized in the U.S. reach

commercial scale. Well-crafted tax incentives have played, and should continue to play, a vital role in developing new domestic energy

resources, contributing significantly to Americas longterm economic prosperity and growth.

Over the past five years, more than 35% of all new domestic power generation has come from renewable energy resources, including

more than 49% of all new power generation in 2012 surpassing all other energy sources. The production tax credit and the investment

tax credit have been the primary policy drivers for this growth, spurring private sector investment, creating jobs, and driving down costs

significantly, making renewable and clean technologies more cost competitive.
http://thehill.com/blogs/floor-action/senate/312867-baucus-senate-will-begin-marking-up-tax-code-reform-bill-this-fall#ixzz2ZyeDd3Yzhttp://thehill.com/blogs/floor-action/senate/312867-baucus-senate-will-begin-marking-up-tax-code-reform-bill-this-fall#ixzz2ZyeDd3Yzhttp://thehill.com/blogs/floor-action/senate/312867-baucus-senate-will-begin-marking-up-tax-code-reform-bill-this-fall#ixzz2ZyeDd3Yzhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20July%2018%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20July%2018%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20July%2018%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20July%2018%202013.pdfhttp://thehill.com/blogs/floor-action/senate/312867-baucus-senate-will-begin-marking-up-tax-code-reform-bill-this-fall#ixzz2ZyeDd3Yz


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The clean energy sector has the potential to be one of the greatest engines of middle class job growth in the 21st century, while providing

our nation with secure sources of clean and renewable domestic energy. To realize that objective, however, we must have a supportive

and certain tax policy environment. Renewable tax incentives help make the tax code fairer, aid in our national and energy security and

have promoted job and economic growth across the country.

Our trade associations, which represent a broad portfolio of clean and renewable energy technologies, urge the Congress to maintain

long-term tax incentives that will continue to encourage the growth of clean and renewable domestic energy resources in the United

States.

Non-Hydro Renewables Generation Drawing Even with Conventional Hydro

By Sustainable Energy Coalition/SUN DAY Campaign, source:U.S. Energy Information AdministrationAccording to EIAs latest Electric

Power Monthly report, renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) accounted for 14.3% of net

electrical generation during the first five months of 2013. Furthermore, non-hydro renewables (i.e., biomass, geothermal, solar, and

wind) have now drawn almost even with conventional hydropower in the amount of electricity generated: 48.1% vs. 51.9%). A decade

ago (i.e., calendar year 2003), hydropower accounted for 77.6% of the electricity generated by renewable energy sources (and all

renewable sources combined then accounted for 9.1% of net electrical generation). By calendar year 2012, renewable sources had

expanded to account for 12.2% of net electrical generation with hydropower contributing a 55.8% share. For the first five months of

2013, non-hydro renewables have expanded by 15.4% compared to the same period in 2012 while hydropowers output dropped by

3.8%. For the same periods, the electricity generated by natural gas and nuclear power fell by 13.4% and 0.1% respectively while that

from coal increased by 11.4%.

Gina McCarthy Heads Up EPA

On July 18, Senators voted 59-40 to confirm Gina McCarthy as the new Administrator of the U.S. Environmental Protection Agency (EPA).

She has been Assistant Administrator for EPAs Office of Air and Radiation since being appointed by President Obama in 2009 and has

worked on environmental issues on state and local levels for over 30 years. Obama has said that in the absence of action by Congress, he

will use the executive authority of the EPA to push climate-change regulations. ATime articlecalled McCarthys new position the

Toughest Job in D.C. See also Epa.gov;Nationaljournal.com

ACORE Announces Interim CEO Michael BrowerThe American Council On Renewable Energy (ACORE)'s outgoing President and CEO, Vice Admiral Dennis McGinn, was nominated by

President Obama for the position as the next Assistant Secretary of the Navy for Energy, Installations and Environment. ACORE is now on

a search for a new President and CEO. In the meantime, ACORE has announced that Michael R. Brower will step in to lead the

organization during the interim. Brower is Mosaic Federal Affairs' Senior Federal Policy Director and Principal and ACORE Board of

Directors member.

Brower has been involved in the geothermal industry and attended an event of the Geothermal Energy Association in Washington DC this

past February. He was then Senior Federal Representative representing Energy Source LLC and also submitted a statement for

EnergySource on the Production Tax Credit to the House of Representatives Committee on Ways & Means;

seeWaysandmeans.house.gov(PDF)

"Geothermal power is different than other renewable energy technologies," Brower wrote in the statement. "Geothermal plants deliver

base load electricity at very high plant capacity factor averaging 95%. As such, they are the best renewable energy solution available to

replace aging coal and nuclear power plants."Acore.org
http://www.eia.gov/electricity/monthlyhttp://www.eia.gov/electricity/monthlyhttp://www.eia.gov/electricity/monthlyhttp://science.time.com/2013/07/22/the-administrator-new-epa-head-gina-mccarthy-has-the-toughest-job-in-d-c/http://science.time.com/2013/07/22/the-administrator-new-epa-head-gina-mccarthy-has-the-toughest-job-in-d-c/http://science.time.com/2013/07/22/the-administrator-new-epa-head-gina-mccarthy-has-the-toughest-job-in-d-c/http://www2.epa.gov/aboutepa/administrator-gina-mccarthyhttp://www2.epa.gov/aboutepa/administrator-gina-mccarthyhttp://www2.epa.gov/aboutepa/administrator-gina-mccarthyhttp://www.nationaljournal.com/energy/senate-confirms-gina-mccarthy-to-head-epa-20130718http://www.nationaljournal.com/energy/senate-confirms-gina-mccarthy-to-head-epa-20130718http://waysandmeans.house.gov/uploadedfiles/energysource_llc_1.pdfhttp://waysandmeans.house.gov/uploadedfiles/energysource_llc_1.pdfhttp://waysandmeans.house.gov/uploadedfiles/energysource_llc_1.pdfhttp://waysandmeans.house.gov/uploadedfiles/energysource_llc_1.pdfhttp://www.acore.org/news-media/press-releases/3692-acore-board-of-directors-announces-interim-ceo-michael-r-brower-to-lead-organization-during-ceo-searchhttp://www.acore.org/news-media/press-releases/3692-acore-board-of-directors-announces-interim-ceo-michael-r-brower-to-lead-organization-during-ceo-searchhttp://www.acore.org/news-media/press-releases/3692-acore-board-of-directors-announces-interim-ceo-michael-r-brower-to-lead-organization-during-ceo-searchhttp://www.acore.org/news-media/press-releases/3692-acore-board-of-directors-announces-interim-ceo-michael-r-brower-to-lead-organization-during-ceo-searchhttp://waysandmeans.house.gov/uploadedfiles/energysource_llc_1.pdfhttp://www.nationaljournal.com/energy/senate-confirms-gina-mccarthy-to-head-epa-20130718http://www2.epa.gov/aboutepa/administrator-gina-mccarthyhttp://science.time.com/2013/07/22/the-administrator-new-epa-head-gina-mccarthy-has-the-toughest-job-in-d-c/http://www.eia.gov/electricity/monthly


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GEA Member Companies

Alterra Power: Company Value is Building

An article onAlbertaoilmagazine.comfeatures Alterra Power Corp., a GEA member, and its executive chairman Ross Beaty. Noting that

the geologist and mineral financier made a fortune mining gold, silver and copper, the article says: Surprisingly, investors have been

slow to follow Beaty from mining to renewable energy. The Vancouver-based company was born of the previous Magma Energy and

Plutonic Power companies. It has assets in the western U.S., Chile, Argentina and Peru.

Beaty is quoted: I think the company is incredibly undervalued and the market doesnt reward companies like this today. They did back

in 2006-2007 and they will again in the future. In the meantime, were simply building fundamental value, Beaty says. Weve had many

companies interested in taking us over, but we wouldnt consider that at these prices.

Calpine Corp.: Marin Energy Authority Signs PPA

Marin Energy Authority has signed a Power Purchase Agreement for 10 MW of geothermal power, which will come from Calpines field,

The Geysers. Calpine is expected to deliver more than 900,000 MWh, enough to power 13,600 local homes. Calpines proposal was

chosen out of 135 project proposals all ranked based on location, portfolio fit, project viability, counterparty strength, and contractterms. This is MEAs first geothermal PPA and its 11th contract for renewable electricity generation. It actually includes two contracts: 3

MW for 2014 as well as a long-term 10 MW contract starting in January 2017 for 10 years.

Calpine (NYSE: CPN ) is expected to report Q2 earnings on July 25. AMotley Fool articlenotes average analyst estimates predict Calpines

revenues will increase 55.6% and EPS will expand 166.7%. See alsoRenewableenergymagazine.com

Enel Green Power: Company Invests Big in Geothermal

Enel Green Power is planning to invest 900 million euros in geothermal over the next four years. Based in Italy, the company has

geothermal plans for the U.S., Turkey, El Salvador, Peru, Guatemala, and Chile, notesBusinessweek.com

In the U.S., Enel is installing a further 25 MW at its plant in Cove Forth, Utah. The company was also selected by the U.S. Army in May of

this year as one of 5 companies that will be considered for its future Power Purchase Agreements using geothermal technology.Geo-

energy.org

Elsewhere, Enel is also stepping up its goals. In Turkey, where the government has set a goal of 600 MW by 2015, the company has 142

licenses to explore with local partner Uzun Group. In Chile, Enel was awarded three exploration licenses totaling 165,702 hectares last

year. And in Peru, Enel was authorized in February for geothermal exploration for the Carmen area in Ayacucho, and in April for the

Carumas District.Geo-energy.org;Geo-energy.org

GeoTek: Texas Energy Technology Company Advances with DOE Research Award

Press Release (Dallas, TX) August 1 GEOTEK ENERGY, LLC, a geothermal power and downhole pump technology leader, is pleased to

announce approval by the Department of Energy for reimbursement of up to $1.08 Million for the fabrication and initial testing of itsGravity Head Energy System (GHES). Dave Marshall, CEO, explained that GeoTek completed last year the first of three phases in the

DOE program, under budget. The third phase of this $2.85 Million DOE research award is expected to commence next year with an

additional $1.32Million in potential funding for GHES field tests.GeoTekis required to supplement these DOE cost-share research funds

with private capital which GeoTek is currently raising.

The Gravity Head Energy System is meant to eliminate pumps and motors typically needed in binary geothermal energy production, as

well as a sub-surface Gravity Head pump for use in geothermal wells and moderate to high temperature oil wells.
http://www.albertaoilmagazine.com/2013/07/getting-more-from-mother-earth/http://www.albertaoilmagazine.com/2013/07/getting-more-from-mother-earth/http://www.albertaoilmagazine.com/2013/07/getting-more-from-mother-earth/http://www.fool.com/investing/general/2013/07/22/will-these-numbers-from-calpine-be-good-enough-fo.aspxhttp://www.fool.com/investing/general/2013/07/22/will-these-numbers-from-calpine-be-good-enough-fo.aspxhttp://www.fool.com/investing/general/2013/07/22/will-these-numbers-from-calpine-be-good-enough-fo.aspxhttp://www.renewableenergymagazine.com/article/california-authority-signs-first-ppa-for-geothermal-20130719http://www.renewableenergymagazine.com/article/california-authority-signs-first-ppa-for-geothermal-20130719http://www.renewableenergymagazine.com/article/california-authority-signs-first-ppa-for-geothermal-20130719http://www.businessweek.com/news/2013-07-18/enel-backs-geothermal-in-race-for-world-s-cheapest-power-energyhttp://www.businessweek.com/news/2013-07-18/enel-backs-geothermal-in-race-for-world-s-cheapest-power-energyhttp://www.businessweek.com/news/2013-07-18/enel-backs-geothermal-in-race-for-world-s-cheapest-power-energyhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20May%2010%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20May%2010%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20May%2010%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20May%2010%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20February%2022%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20February%2022%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20February%2022%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20April%2026%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20April%2026%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20April%2026%202013.pdfhttp://www.prweb.com/releases/2013/8/prweb10981900.htmhttp://www.prweb.com/releases/2013/8/prweb10981900.htmhttp://www.geotekenergy.com/http://www.geotekenergy.com/http://www.geotekenergy.com/http://www.geotekenergy.com/http://www.prweb.com/releases/2013/8/prweb10981900.htmhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20April%2026%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20February%2022%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20May%2010%202013.pdfhttp://geo-energy.org/Newsletter/2013/Geothermal%20Energy%20Weekly%20May%2010%202013.pdfhttp://www.businessweek.com/news/2013-07-18/enel-backs-geothermal-in-race-for-world-s-cheapest-power-energyhttp://www.renewableenergymagazine.com/article/california-authority-signs-first-ppa-for-geothermal-20130719http://www.fool.com/investing/general/2013/07/22/will-these-numbers-from-calpine-be-good-enough-fo.aspxhttp://www.albertaoilmagazine.com/2013/07/getting-more-from-mother-earth/


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Ram Power: Nicaragua Refurbishment Drilling Commences; San Jacinto-Tizate Phase II Construction

Loan Converted to Term Loan

Ram Power Press Release (Reno, NV) July 18 Ram Power, Corp. (TSX: RPG), a renewable energy company focused on the development,

production and sale of electricity from geothermal energy, is pleased to announce that the Company, through its subsidiary Polaris

Energy Nicaragua, S.A., has begun drilling operations at the San Jacinto-Tizate power project:

The remediation drilling program calls for the refurbishment of two existing production wells with a targeted increase in steam

availability of approximately 9 to 14 MW, or 70-110 tonnes/hour of additional net capacity. The Company will utilize theknowledge based on extensive geoscience analysis and the production performance of the wells during the first several months

of operations. Drilling operations are being led by Sinclair Knight Merz, the resource consultant for the Company, in

consultation with PENSA and Thermasource Inc. The program is expected to be completed by late October 2013, and all

increased steam resources from the remediation program would be available for plant production during the latter part of the

year.

Antony Mitchell, Executive Chairman of the Company, stated, Our current two-well drilling program is aimed at increasing our

San Jacinto production and improving our existing positive cash generation. We are committed to operating the San Jacinto

operation at its design capacity, providing additional base load energy to the people of Nicaragua and increasing the value of

the Company for our shareholders.

The company also announced in a separate press release (Reno NV, August 1) that the San Jacinto-Tizate Phase II loan has beenconverted from a construction loan to a term loan. The complex terms of the loan are explained in the release:

Under the terms of the agreement, the Lenders agreed to waive the minimum steam requirement set forth in the original

agreement and permit the Company to complete its resource remediation program over the next five months. While the

Company will not be permitted to receive distributions until the completion of the resource remediation program, the

Company will receive administrative fee payments from Project revenues of $0.5 million per month effective July 31, 2013,

August 15, 2013, September 15, 2013 and October 15, 2013.

To expedite the resource remediation drilling program currently in progress, the Company funded $3 million in June 2013 to the

Major Maintenance Reserve Account from Project equity. The Company has also agreed to fund from Project equity an

additional $2.95 million to the Major Maintenance Reserve Account by December 15, 2013 for other potential resource

remediation efforts if necessary. In conjunction with the conversion, the Company from Project equity funded $2.4 million to a

reserve account to satisfy certain power purchase agreement obligations not currently met by the off-taker. Once the off-taker

fulfills their guarantee requirements under the terms of the power purchase agreement, the $2.4 million will be released from

the reserve account and be eligible for distribution to the Company under the Project distribution conditions.

Following the completion of the resource remediation drilling program on or before December 15, 2013, the Company will

conduct a plant capacity test to be concluded no later than January 22, 2014. The test includes a 30-day stabilization period of

the resource field followed by a 7-day performance test to determine the net operating output of the plant. Upon completion

of the plant capacity test, the Company is eligible for distributions if it is able to meet certain debt service coverage ratios and

other operational requirements.

Should the plant capacity test result in a net operating output below 55 MW (net), the Phase II Credit Facility will be in default.

If the plant capacity test results in a net operating output equal to or greater than 65 MW (net), the $2.95 million Project equity

deposited into to the Major Maintenance Reserve Account will be released and be eligible for distribution under the Project

distribution conditions, and quarterly contributions to the Major Maintenance Reserve Account will be approximately $1

million per quarter. For net operating output results below 65 MW (net), the $2.95 million will remain in the Major

Maintenance Reserve Account for future drilling efforts and quarterly Major Maintenance Contributions will increase by $0.2

million per MW for production levels below 65 MW (net). The Company has the option to re-test the plant capacity at any time

and upon any re-test resulting in the plant operating at or above 65 MW (net) will result in the Major Maintenance

contributions resetting to approximately $1 million per quarter.


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U.S. Geothermal: Innovative Technology Neal Hot Springs Power Plant Reaches Final Completion

Press Release (Boise, Idaho) August 1-- U.S. Geothermal Inc., (nyse mkt:HTM) CA:GTH +10.00% a leading renewable energy company

focused on the development, production, and sale of electricity from geothermal energy, announced today that Final Completion of the

22 megawatt (net) Neal Hot Springs Project has been achieved. Yesterday, the project also received the final advance under the DOE loan

guarantee.

The Neal Hot Springs Project was the first geothermal project to obtain a loan guarantee under the DOE's Title XVII loan guarantee

program, which was created by the Energy Policy Act of 2005 to support the deployment of innovative clean energy technologies. The

DOE loan guarantee, guarantees a loan from the U.S. Treasury's Federal Financing Bank. The project was authorized for a loan guarantee

of up to $96.8 million.

The Neal Hot Springs project deployed a first of its kind binary cycle process, utilizing a supercritical cycle that uses R134a refrigerant as

the working fluid, as well as pre-fabricated modular construction of major plant components.

The Neal Hot Springs project created high-quality American manufacturing and construction jobs through the construction of the power

plant, which was supplied by Houston-based TAS Energy Inc., a provider of high efficiency modular energy systems. U.S. Geothermal

estimates that about 95 percent of the power plant's infrastructure and parts were supplied by U.S. based manufacturers. In addition,

approximately 150 construction jobs and over a dozen permanent jobs were created during the project's 20-month construction phase.

The project is selling electricity to Idaho's largest utility, Idaho Power Company, under a previously signed 25-year power purchase

agreement for up to 25 megawatts of power per year. Beginning in 2012, the base energy price is $96 per MW Hour and escalates

annually. The calculated 25-year levelized price is $117.65 per MW hour.

"The success of this new first of its kind project at Neal Hot Springs is a major milestone for both our company, and the entire geothermal

industry", said Mr. Dennis Gilles, Chief Executive Officer of U.S. Geothermal Inc.. "The Neal Hot Springs project reflects the true success of

the collaborative effort among U.S. Geothermal and our equity partner Enbridge, the Department of Energy who provided the low cost

financing under their innovative technology program, and TAS Energy Inc. who provided the innovative plant equipment. We truly

appreciate the formidable efforts on behalf of all those involved in this project."

"Enbridge is excited to be part of the Neal Hot Springs project, which represents our first investment in geothermal energy. We are very

pleased with the outcome, and look forward to additional opportunities in the future", said Chuck Szmurlo, Vice President of Alternative

& Emerging Technology of Enbridge Inc.

"The successful result of the Neal Hot Springs project has further strengthened our ability to confidently offer this advanced technology

to the broader geothermal industry and implement in other countries," said J.T. Grumski, Chief Executive Officer of TAS Energy Inc. "We

expect that the global deployment of this reliable, clean and economic technology will only continue to grow."

State News

California: Op-Ed -- Geothermal Power Provides Clean and Safe Power for California

In a notable show of collaboration, the Geothermal Energy Association and the Geothermal Resources Council joined in authoring a

response to a July 11 article in the Los Angeles Times. The article was titled, "SoCal geothermal power production causes earthquakes,

study says." The response is given in full below and is still under consideration for publishing by LA Times. See also, see alsoan Op-Ed in

the Sacramento Beeby Peter Schiffman, William Glassley and Elise Brown (California Geothermal Energy Collaborative at UC Davis).

Geothermal Power Provides Clean and Safe Power for California:

The Los Angeles Times article published July 11 associating seismic activity with geothermal power plants near the Salton Sea needs to be

read carefully and reacted to calmly. The Geothermal Energy Association and the Geothermal Resource Council share the public's concern

about earthquakes, as do the geothermal companies, whose hundreds of employees and their families that call Southern California home.

Unfortunately, the impression that a reader could get is one of serious safety risk, when neither the study being quoted nor other studies

conducted in the area reach that conclusion.
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Geothermal projects are typically located in seismically active areas due to the nature of tectonic plates shifting and bringing magma

closer to the surface. We need that activity to create the underground reservoirs that are the lifeblood of our industry. That being said, we

do not want to damage those reservoirs by creating catastrophic events that could potentially deplete the resource therefore we take

every precaution to sustain the areas in which we operate, both on the ground and beneath the surface.

According to experts who are actively working on projects within the industry, such at Lawrence Berkeley National Laboratory and the U.S.

Department of Energy, the Salton Sea geothermal plants -- which are re-injecting geothermal fluids already present underground -- are

simply not likely to significantly impact the San Andreas fault zone, which is located miles away. Moreover, the companies operating inSouthern California actively monitor seismicity in and around their power plants taking the necessary actions needed to minimize potential

impacts.

The geothermal industry has helped implement and is actively engaged in efforts by the U.S. Department of Energy to uphold and

continue to develop protocols for safe practices. In addition, the GEA actively supported the recent efforts of the National Research Council

(NRC) to produce a state-of-the-art study of induced seismicity risks as it relates to geothermal energy. We believe that the best course of

action is openness and engagement, so we encouraged companies and others to participate in the public hearing meeting held July 14,

2011 by the NRC in Berkeley, California.

It is worth noting that the NRC study, titled Induced Seismicity Potential in Energy Technologies, released in June 2012, indicated that

conventional geothermal projects pose limited risk for induced seismicity. NRC writes: Liquid-dominated field developments generally

cause little if any induced seismicity because the water injection typically replaces similar quantities of fluid extracted at similar pressuresand temperatures.

Geothermal power production provides clean, reliable and safe power for California. We hope your readers recognize that the risks from

climate change are much greater than the natural micro-seismic events occurring near geothermal reservoirs.

The geothermal industry does not claim to have all the answers, but we will continue to be proactively vigilant and apply what we learn to

industry best practices -- practices which are now in use and have safeguards built in to account for the safety of the reservoir and the

residents of the areas in which we continue to successfully operate.

Sincerely,

Karl Gawell, Executive Director, Geothermal Energy Association

Steve Ponder, Executive Director, Geothermal Resources Council

GEA is the trade association for companies working to expand the use of geothermal power in the U.S. and worldwide.

GRC is the primary professional, scientific and educational association for the international geothermal community.

California: Fairfield Congressman Praises Geothermal

During a July speech on the California House floor, Congressman John Garamendi (D-Fairfield, CA), a member of the Safe Climate Caucus,

said geothermal is an extraordinary natural resource that is clean and abundant. We have a critical natural resource opportunity in this

nation, and its beneath the soil, beneath the ground, and it happens to be the heat of the earth, Garamendi said.

The politician added that the largest geothermal installation in the world is located in California. Lake and Sonoma counties receive more

than $11 million in annual tax revenue directly from The Geysers geothermal steamfield. The Geysers provides energy for over 1.1

million people throughout the northern portion of the state, Garamendi said. A recent study estimates that the public benefits from

geothermal energy produced in California and Nevada alone are worth more than $117 million annually. In this region, geothermal

energy has proven itself as a job creator and a positive contributor to the local economy.Garamendi.house.gov

Colorado: Pagosa Verde to Drill Test Wells for Geothermal Generation Project

There are no active geothermal power generation projects in Colorado, but businessman Jerry Smiths company Pagosa Verde is working

on two potential projects. Both have gained some public and private funding, and the company now plans to drill test wells at the site

south of Pagosa Springs. The second site, located in Gunnison County, is doing geophysical testing. Pagosa Verdes two projects could be

attractive portfolio to investors, whereas a single project could carry more risk, noted an article onDurangoherald.com
http://garamendi.house.gov/press-release/congressman-garamendi-highlights-lake-county-and-geothermal-energy%E2%80%99s-role-combatinghttp://garamendi.house.gov/press-release/congressman-garamendi-highlights-lake-county-and-geothermal-energy%E2%80%99s-role-combatinghttp://garamendi.house.gov/press-release/congressman-garamendi-highlights-lake-county-and-geothermal-energy%E2%80%99s-role-combatinghttp://www.durangoherald.com/article/20130728/NEWS04/130729641http://www.durangoherald.com/article/20130728/NEWS04/130729641http://www.durangoherald.com/article/20130728/NEWS04/130729641http://www.durangoherald.com/article/20130728/NEWS04/130729641http://garamendi.house.gov/press-release/congressman-garamendi-highlights-lake-county-and-geothermal-energy%E2%80%99s-role-combating


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Colorado: Aspen Drilling Complete

Geothermal Test Well Shows Initial Positive Results, according to a city of Aspen press release. The city announced completion of the

final stages of a geothermal test well 1,520 feet deep, with water flowing at the 90 degree range. The purpose of this project was to

scientifically test what weve heard anecdotally over the years, Jeff Rice, Utilities Energy Efficiency Manager for the City of Aspen told

press. There are stories from the mining days about possible conditions down there as well as talk from other drillers and consultants

and the fact that this area is geothermally active, so its nice to have the tests to prove the hypotheses. It is exciting to know there could

be another local renewable energy option for Aspen. Future testing will be done by third parties and is expected to take several months.

If the scientific tests prove positive, the city will investigate the viability of a geothermal utility district in the future; however, there are

no plans to develop this test site any further, the press release says.Aspenpitkin.com;Aspendailynews.com.

Colorado: Capitol Gets Geothermal System

The Colorado State Capitol is going geothermal with a new heating and cooling system. While Idahos Capitol building is heated from an

active geothermal hot springs, Colorado will be the first state capitol building to use geothermal for both heating and cooling. In the first

year, the system will save an estimated $100,000 in utility costs. Gov. John Hickenlooper listed benefits of the project to media: Several

things one, it (the Capitol) needs it, and there is a high return on the investment and resources, he said. Two, it is symbolic. Third, in

terms of branding, the next time we are going out for Ardent Mills or another company to move here, it becomes part of that attraction

to get people to move here.Denverpost.com

Hawaii: Draft Report Looks at Health and Safety Issues

A draft report was released on health and safety issues associated with geothermal energy at the Puna site on the Big Island. The report

addressed air, soil and water monitoring, as well as emergency response. Members of the community, with various opinions about

geothermal, contributed to the work. The group was formed at the request of Mayor Billy Kenoi, and about $50,000 was allocated toward

the effort.

The report lists seven recommendations for the county: (1) Undertake a comprehensive health study; (2) Conduct a meta-analysis on

the effects of hydrogen sulfide; (3) Establish a better monitoring system; (4) Evaluate effects on drinking water and near-shore ocean

environment; (5) Ensure the issue is studied by independent experts; (6) Study potential contamination at the old HGP-A well; and (7)

Strengthen public communication and alerts.

A public meeting will be held Aug. 15 at the Pahoa Neighborhood Facility. The draft is posted atwww.accord3.com/pg68.cfm. The final is

expected by September 1.Hawaiitribune-herald.com;Westhawaiitoday.com

Idaho: State Ripe with Potential, Govt Support Needed

An article onMagicvalley.comcalls Idaho a state ripe with geothermal power potential, noting the 2,000 MW potential at 16 sites as

given in the 2006 Western Governors Association Geothermal Task Force report. The Walker Ranch Energy site has drilling underway by

ThermaSource, while US Geothermals Raft River geothermal plant has been in operation since 2007. Walker Ranch developers spent five

years studying the geology of the Raft River area, Trent Yang, project manager for AMG Trust National Bank told press. Yang has applied

for federal renewable energy tax credits: If there are things that the state government can do to help alleviate some of those up-frontcosts, or to take it on with the developer, I think youll see more appetite for geothermal development in whatever state does that, Yang

said.

Idaho: Phase Two of Ball State Geothermal System Approved

Ball State Universitys project to create a geothermal system is the largest of its kind in the nation. The second phase of the project was

just approved, and the state has appropriated $30 million to move forward. Phase two of the project includes drilling 1,020 boreholes in

the west campus field and parking lot. A former soccer field was just re-sodded following phase one, which included 1,800 boreholes. The

board of trustees also approved a $339-million general fund budget for 2013-14, though funding of the geothermal energy system is

separate from the universitys general fund.Thestarpress.com
http://www.aspenpitkin.com/Whats-New-/Press-Releases/newsid378/547/http://www.aspenpitkin.com/Whats-New-/Press-Releases/newsid378/547/http://www.aspenpitkin.com/Whats-New-/Press-Releases/newsid378/547/http://www.aspendailynews.com/section/home/158833http://www.aspendailynews.com/section/home/158833http://www.aspendailynews.com/section/home/158833http://www.denverpost.com/breakingnews/ci_23680476/geothermal-system-at-colorado-state-capitol-being-broughthttp://www.denverpost.com/breakingnews/ci_23680476/geothermal-system-at-colorado-state-capitol-being-broughthttp://www.denverpost.com/breakingnews/ci_23680476/geothermal-system-at-colorado-state-capitol-being-broughthttp://geoenergist.wordpress.com/2013/08/01/california-colorado-hawaii-idaho-illinois-wyoming/www.accord3.com/pg68.cfmhttp://geoenergist.wordpress.com/2013/08/01/california-colorado-hawaii-idaho-illinois-wyoming/www.accord3.com/pg68.cfmhttp://geoenergist.wordpress.com/2013/08/01/california-colorado-hawaii-idaho-illinois-wyoming/www.accord3.com/pg68.cfmhttp://hawaiitribune-herald.com/sections/news/local-news/geothermal-safety-report-expected-week.htmlhttp://hawaiitribune-herald.com/sections/news/local-news/geothermal-safety-report-expected-week.htmlhttp://hawaiitribune-herald.com/sections/news/local-news/geothermal-safety-report-expected-week.htmlhttp://westhawaiitoday.com/sections/news/local-news/report-island-lacks-proper-geothermal-monitoring.htmlhttp://westhawaiitoday.com/sections/news/local-news/report-island-lacks-proper-geothermal-monitoring.htmlhttp://westhawaiitoday.com/sections/news/local-news/report-island-lacks-proper-geothermal-monitoring.htmlhttp://magicvalley.com/news/local/southern-idaho-iflush-with-geothermal-potential-but-developers-face-hurdles/article_3c455897-80bb-580c-a608-bc037ac037df.htmlhttp://magicvalley.com/news/local/southern-idaho-iflush-with-geothermal-potential-but-developers-face-hurdles/article_3c455897-80bb-580c-a608-bc037ac037df.htmlhttp://magicvalley.com/news/local/southern-idaho-iflush-with-geothermal-potential-but-developers-face-hurdles/article_3c455897-80bb-580c-a608-bc037ac037df.htmlhttp://www.thestarpress.com/article/20130720/NEWS01/307200019/BSU-trustees?gcheck=1http://www.thestarpress.com/article/20130720/NEWS01/307200019/BSU-trustees?gcheck=1http://www.thestarpress.com/article/20130720/NEWS01/307200019/BSU-trustees?gcheck=1http://www.thestarpress.com/article/20130720/NEWS01/307200019/BSU-trustees?gcheck=1http://magicvalley.com/news/local/southern-idaho-iflush-with-geothermal-potential-but-developers-face-hurdles/article_3c455897-80bb-580c-a608-bc037ac037df.htmlhttp://westhawaiitoday.com/sections/news/local-news/report-island-lacks-proper-geothermal-monitoring.htmlhttp://hawaiitribune-herald.com/sections/news/local-news/geothermal-safety-report-expected-week.htmlhttp://geoenergist.wordpress.com/2013/08/01/california-colorado-hawaii-idaho-illinois-wyoming/www.accord3.com/pg68.cfmhttp://www.denverpost.com/breakingnews/ci_23680476/geothermal-system-at-colorado-state-capitol-being-broughthttp://www.aspendailynews.com/section/home/158833http://www.aspenpitkin.com/Whats-New-/Press-Releases/newsid378/547/


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Illinois: Governor Quinn Signs GEO Thermal Definition into Law

By Sustainable Energy Coalition, source: Geothermal Exchange Organization Illinois Governor Pat Quinn has signed SB 1603 into law.

The legislation contains language that removes impediments to the promotion and financing of geothermal heat pumps in the state. For

complex reasons, the language amends the Illinois Finance Authority Act, the Illinois Power Agency Act and the Public Utilities Act. The

new language adds to prior definitions of energy efficient by tying the term to reductions in thermal energy use: Energy Efficiency also

includes measures that reduce the total Btus of electricity and natural gas needed to meet the end use or uses. The new definition

encompasses GHPs for the first time in Illinois, recognizing them as an energy efficient technology. The upshot is that SB 1603 now allows

Illinois investor-owned utilities to promote the use of GHPs under the states Energy Efficient Portfolio Standard. IOUs will be able to help

finance GHP installations, with reimbursement from a fund set up under the states Energy Efficiency Portfolio Standard. In addition, the

Illinois Finance Authority can now issue bonds for energy efficient projects with GHPs.

Wyoming: Lone Star Geyser Studied

A study of Lone Star Geyser at Yellowstone National Park is providing scientists with insight on the nature of eruptions. In a week-long

experiment, co-authors measured activity at the predictable geyser which erupts every three hours. The predictability of geysers makes

them an ideal test bed for figuring out how eruptions work, co-author Shaul Hurwitz, research hydrologist with the U.S. Geological

Survey told press.

Hurwitz and others discovered Lone Star has four distinct phases. Data was measured by water discharge, ground motions, seismic waves

and sound waves, and scientists recorded high-speed visible and infrared video. The findings were published in theJournal of GeophysicalResearch: Solid Earth.

An article onLivescience.comdescribes the four phases: As pressure builds up underground, a preplay phase, with pulses of steam and

water, signals the coming outburst. Then, the eruption starts, with water and steam fountaining at 36 to 63 mph (58 to 101 km/h). The

researchers tracked particles in the jetting water with the high-speed cameras to calculate the speed. A quiet post-eruption phase

follows, finishing with a recharge phase while the geyser cone refills.

International News

Africa

Djibouti: Geothermal Momentum Continues

On a July 22 meeting between Djiboutian Minister of Energy in charge of Natural Resources Ali Yacoub Mahamoud and Libyan officials,

energy cooperation was discussed, with Djibouti focusing on geothermal in its energy goals. The Libyan delegation was led by Deputy

Secretary-General in the Ministry of Foreign Affairs Saeed Ibrahim al-Khattali and OiLibya East Africa Regional Manager Elmarini Kashim

(Allafrica.com). The African Development Group (AfDB) recently announced a $7.5 million contribution to the Lake Assal geothermal

feasibility project, which World Bank is also supporting (see GEAs July 11 2013 issue). It will be the first exploration financed by the World

Bank in almost 20 years.

Kenya: Maasai Community Claims Land

Political and religious leaders leading 2,000 members of the Maasai community are seeking compensation for potential geothermal

energy generated on spiritual land in Narok County. The developer is Kenya Electricity Generating Company Limited (KenGen). Since

colonial times we have been marginalized and oppressed and we shall seek compensation and justice, Narok East MP Lemanken Aramat

was quoted in local press, along with other leaders noting about 3,610 acres held by KenGen on Kedong Ranch may rightfully belong to

the community.Standardmedia.co.ke
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Rwanda: Karisimbi Drilling Begins

The Rwanda government has begun drilling for geothermal energy at its Mount Karisimbi site. What a milestone for Rwanda Energy

sector the drilling for geothermal energy started at Karisimbi today at 7am, Silas Lwakabamba, Minister of Infrastructure said July 18 via

Twitter. The Karisimbi geothermal project is one of four geothermal prospects in Rwanda; the other three locations are Kinigi in Musanze,

Gisenyi in Rubavu and Bugarama in Rusizi. The project will also serve for on-site education for Energy, Water and Sanitation Authority

(EWSA) of Rwanda employees attending training by Iceland GeoSurvey scientists.Geothermal.energy-business-review.com;Allafrica.com;

See alsoGEAs March 8 2013 issue.

Tanzania: Symbion Signs for Geothermal

Symbion, a founding partner of Power Africa, has signed a new agreement for geothermal power in Tanzania. We were honored that

President Barack Obama chose the Symbion Power Plant to announce Power Africa on his recent visit to Tanzania, said Paul Hinks, Chief

Executive Officer of Symbion Power. Ormat Technologies will be involved, notedAllafrica.com

Uganda: Geothermal can Supply Needed Electricity

Kenya Electricity Generating Company Limited (KenGen)s Senior operations manager Henry Wesula says geothermal power, as has been

applied in Kenya, will have great benefits for Uganda as well, as it seeks to become industrialized. Uganda has been unable to maintain

supply of electricity to match demand, while a geophysical survey by KenGen estimated 400 MW of untapped geothermal energy. We

already know that Sudan and Egypt are against building dams along the Nile, in the event of a problem there will be no other source ofenergy for Uganda, Wesula said adding, Any country that wants to be industrialized cant afford to have power

rationing.Monitor.co.ug

Americas

Canada: CanGEA Releases Roadmap Report

CanGEA Press ReleaseOn July 22, 2013, the Canadian Geothermal Energy Association (CanGEA) released the Geothermal Technology

Roadmap: Global Best Practices SummaryExploration through Generation. The report outlines aspects of geothermal energy

development, including: exploration, reservoir modeling, drilling, stimulation and completions, power conversion and the direct use of

heat. The report is available for download at:Cangea.ca

Peru: Geothermal Development Plan Released; Hot Rock Holds Top Projects

A nationwide geothermal power development plan for Peru was recently completed by the Japan International Cooperation Agency

(JICA). Working with INGEMMET, the geological survey of Peru, JICA prioritized 61 geothermal fields of which 34 discharged temperatures

greater than 60F. Fields were assessed for geothermal resource potential, ease of access, and location outside protected areas. Hot Rock

Limited (HRL) said in a press release it holds three of the top four projects for geothermal potential as listed in the JICA report: Achumani,

with 150 MW potential; Quellaapacheta, with 100 MW; and Ocururane, with 90 MW.PDFHotrockltd.com

Asia & the Pacific

Australia: Innamincka Owners Talk PPA

As its 1-MWe pilot plant continues to exceed expectations, company Geodynamics has created a virtual tour of the Innamincka, Cooper

Basin site (Geodynamics.com.au). The operation of the plant has met or exceeded al l planned operational parameters, demonstrating

stable and effective control of the closed brine loop, and high rel iability and availability of the steam generation and turbine system, the

company said in a statement. The goal now is to find a buyer for the energy, allowing the project to proceed to a larger commercial plant.

Santos Ltd. (STO) and Chevron Corp. (CVX) are both interested, chief executive officer Geoff Ward told press. Those discussions have

commenced, Ward wasquoted. Ive spoken to those operators, and they are very positive about acting as initial customers for us. They

see the interest in this as a long-term supply resource. The company aims to secure customers within six to 12

months.Peakenergy.blogspot.com.au;Bloomberg.com;Reneweconomy.com.au
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Australia: Switch from Carbon Fee to Cap and Trade System Accelerated

By EESI Climate Change News New Australian Prime Minister Kevin Rudd plans to accelerate Australias transition from a carbon fee to

a cap and trade system, aiming to implement market-based emissions trading by 2014, instead of the previously planned changeover in

2015 (seeJuly 2, 2012 issue). The government is moving in this direction because a floating price takes cost-of-living pressures off

Australian families and still protects the environment and acts on climate change, Rudd said. Currently, Australias fixed carbon price is

four times higher than carbon prices in Europe. In 2011, former Australian Labor Party Prime Minister Julia Gillard announced plans for a

price on carbon after making campaign promises to not do so. This led to a decrease in popularity and her eventual ouster by Rudd last

month before the 2013 national elections. The opposition Liberal Party has pledged to remove the carbon fee altogether. Since the

implementation of the carbon fee, Australian carbon dioxide emissions have fallen seven percent (seeJuly 15 issue). For additional

information see:Bloomberg,AFP, The Australian

India: Leaders Support Geothermal

Leaders in Indias energy industries are supportive of geothermal in the country, particulary in Gujarat. We are proactive on the

geothermal front. A draft policy on geothermal energy is ready, according to R N Sawant, director (geothermal, biomass power) at the

Union Ministry of New and Renewable Energy. Sawant was speaking to press on the sidelines of the conference on Issues and

Challenges in Geothermal Energy organised by Pandit Deendayal Petroleum University. In pre-feasibility studies, the university identified

five potential regions for tapping geothermal energy in Gujarat. If Gujarat has power generation capacity of 27,000 MW, why cant it be

the first to set up a geothermal project? said D J Pandian, principal secretary at the states energy and petrochemicals

department.Indianexpress.com

Indonesia: PGE Seeks Flexible Geothermal Loans

While Indonesian officials have indicated allotment of $125 million in loans toward geothermal development, accessing the loans is

proving to be difficult. The loans are offered at lower than usual interest rates and come through the Clean Technology Fund (CTF). The

president and director of Pertamina Geothermal Energy (PGE), a subsidiary of the national oil and gas company Pertamina, described the

bureaucratic barriers to press: To use the funds, there are steps. We would have to go to the parliament first. . . Its not that we mind,

(but) it will not be efficient in terms of time and resources. Meanwhile, we are (incurring) lots of costs during that process. Don Purk a,

principal investment specialist in the Asian Development Banks climate change unit, said the bank was exploring flexible options. As

Pertamina frequently taps the international capital markets for the commercially viable parts of its operations, this type of blended

ADB/CTF loan may provide the flexibility sought by PGE/Pertamina for its higher-risk and less viable geothermal activities that it

undertakes on behalf of the government, Purka said.Trust.org

Japan: Geothermal Drilling Surveys Commence

Idemitsu Kosan Co. (5019), Inpex Corp. (1605) and Mitsui Oil Exploration Co. have begun drilling surveys for geothermal power at the

Kurikoma national park in Akita prefecture and the Amemasudake area in Hokkaido. Both surveys are in northern Japan. The study will

continue through November. The companies then plan to drill exploratory wells through March 2016, and will then decide whether to

move on to the next stages.Bloomberg.com

Malaysia: Preparations Underway for Apas Kiri Geothermal

Tawau Green Energys geothermal power plant in Apas Kiri is in the site preparation stage. The potential 30-MW generation is expectedto come on line in 2016. This project is a good example of innovation in green energy, Energy, Green Technology and Water Minister

Datuk Seri Dr Maximus Ongkili told press. The cost of the project is estimated at RM506 million.Freemalaysiatoday.com;Tgepower.com

New Zealand: Geothermal Commissioning at Contact Energy Ltd.s Te Mihi Power Station

The Te Mihi geothermal power station, a two-unit 166-MW plant, is being commissioned on New Zealands North Island. With the new

addition, geothermal energy generation is now over 12,000 MW globally. Contact Energy Ltd heads the project, and the McConnel l

Dowell Constructors Ltd., SNC-Lavalin, and Parsons Brinckerhoff New Zealand joint venture was involved in the construction.

Te Mihi will replace the existing 157-MW Wairakei A and B power stations, constructed in 1958. Wairakei has a 16-MW binary system

added in 2005 that will continue to operate. The new Te Mihi plant uses double flash technology and is expected to produce about 25%
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more power. The net increase from the combined Te Mihi and binary portion of the Wairakei station is 114 MW. Additionally, an

evaporative cooling system improves the environmental impact by eliminating condensate discharges to the Waikato

River.Powermag.com

The Philippines: PSALM Bidding Out Visayas Geothermal Energy

Selections are being considered by the Power Sector Assets and Liabilities Management Corporation (PSALM) for who will own the rights

to the geothermal energy generated at the Visayas-based Unified Leyte Geothermal Power Plants. PSALM put out a bid wherein

Independent Power Producer Administrators (IPPAs), distribution utilities, electric cooperatives, and other interest groups c an participate

and win strips of energy that range from 1 MW up to a maximum of 40 MW. PSALM will retain 40 MW.Business.inquirer.net

The Philippines: EDC Posts Results, Basic Seeks Partners

Two companies in the Philippines made recent headlines showing continued success in the countrys geothermal market.

Energy Development Corp (EDC), the countrys largest geothermal energy producer, recently posted financial results with an overall 33%

decrease in net income for the first half of the year as compared to the same period last year. However, the recurring net income was up

8% and was mainly driven by the 112.5-megawatt (MW) Tongonan and 192.5-MW Palinpinon geothermal power plants. The

investments to modernize and rehabilitate our acquisitions are paying off, EDC President Richard Tantoco said in a release. Despite the

substantial reduction in the revenues of our hydro investment, GCGIs robust financial and operating results brought EDCs margins in linewith our expectations.

Meanwhile in Batangas, Basic Energy Corp is moving on the 20-MW potential Mabini geothermal concession. Basic is in talks with both

local and foreign potential partners as it seeks to drill one exploration well at $3.8 million before a Department of Energy contract

deadline next July.Businessmirror.com.ph;Interaksyon.com

The Philippines: Agreement Needed at Tiwi-MakBan

A geothermal service contract granted to Philippine Geothermal Production Company (PGPC) on April 25 may be canceled, Energy

Secretary Carlos Jericho Petilla said. PGPC and Tiwi-MakBan power plant owner AP Renewables Inc. of the Aboitiz group have not agreed

on the geothermal resource sales contract, causing complications. How will I handle their issue? If they cannot agree on it, I will cancel it

(RE contract), Petilla told reporters. Additionally, Secretary Petilla recently participated in the National Geothermal Association of thePhilippines (NGAP) 10th annual forum.

Aboitizs Tiwi plant could be facing internal struggles; the rank and file labor force has filed a notice to strike with the National

Conciliation and Mediation Board (NCMB) of the Department of Labor and Employment for unfair labor

practice.Tempo.com.ph;Mb.com.ph;Bicolmail.com

Europe

Europe Faces Challenges in RE Growth

A Wall Street Journalarticle notes challenges that have arisen in some European countries who have taken strong pro-renewables

actions: The first challenge is cost. Germany has reportedly invested more than $250 billion in renewable energy deployment, and its

households pay the highest power costs in Europeexcept for the Danish. On average, Germans and Danes pay roughly 300% more for

residential electricity than Americans do. The article continues, Another challengeof Europes growing dependence on renewable

energy is far more serious: the potential loss of reliable electrical supply. Its one thing to ask consumers to pay more for cleaner energy;

its another to force them to endure blackouts. The article offers a reminder for careful reform of policies, though notes situation is

different than in the U.S. which has excess generating capacity.Wsj.com
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Saudi Arabia: National Energy Plan Alloted $109B for Renewables

Saudi Arabia has revised its National Energy Plan, aiming to meet its energy demands using one-third portion or 54 GW of renewable

energy by 2032. The worlds top oil exporter will allocate US$109 billion toward the goal. Geothermal energy is one of the renewable

resources included as a target for development, falling under the 50-250 MW Other category. Developers will be invited to bid for

power purchase contracts and the governments Sustainable Energy Procurement Company (SEPC) will buy the electricity

generated.Zeenews.india.com;Geo-energy.org

UK: Crewe Site Approved for Feasibility Study

The Cheshire East Council has approved a feasibility study for geothermal energy in Crewe. Prior studies have supported the Leighton

West site as one of six in the UK that have potential for geothermal generation. Leader of Cheshire East Council, clr Michael Jones, told

press they would be working closely keeping the public informed throughout the process. Looking into the future, if the supplies are

what we think they are, it has the potential to kick-start a whole new industry in Cheshire East, creating more jobs and wealth than we

could imagine, Jones said. We as a Council are determined to tackle fuel poverty and this is a positive step in that

direction.Creweguardian.co.uk

Industry & Applications

Geothermal Growing Globally, BP Review Shows

The recently released 2013 BP Statistical Review of World Energy (get PDF) shows that global energy consumption slowed in 2012,

though renewables in power generation grew by 15%. The review has been published for 62 years. While the document has only one

solid mention of geothermal, lumping renewables together, an article onEnergytrendsinsider.comdelves into the data, supplementing

with data from REN21s recently-released 2013 Renewables Global Status Report: "In 2012, at least 78 countries used geothermal directly

for energy. Over two-thirds of the geothermal energy for direct use was through geothermal heat pumps. 24 countries operated

geothermal plants for electricity production. Total geothermal electricity capacity was 11.7 GW at the end of 2012. Capacity was led by

the U.S. with 3.4 GW of capacity, followed by the Philippines at 1.9 GW, Indonesia at 1.3 GW, Mexico at 1.0 GW, and Italy at 0.9 GW. On a

per capita basis, Iceland leads the world with 0.7 GW of capacity, which accounted for 30% of the countrys electricity in 2012."

IEA Releases Medium-Term Renewable Energy Market Report 2013

Becky Little, GEA staff-- This years Renewable Energy Medium-Term Market Report from the International Energy Agency concluded

that renewable energy experienced strong growth worldwide in 2012. Despite this growth, global investment in renewable energy

actually decreased in 2012. The report argues that this decrease in investment was due to policy uncertainties, economic challenges,

incentive reductions and competition from other energy sources. The report predicts that the renewable energy market will continue to

grow, but that it will require the right market and policy developments to do so.

According to the report, total renewable electricity generation grew 8.2% from 2011 to 2012, with geothermal energy experiencing more

moderate growth. Although renewable resources like geothermal energy are growing more competitive, levelized costs generally remain

higher for renewables compared to fossil fuels. Because of this, the report argues that market and policy frameworks that provide

incentives for renewable resources will help to drive future markets.

The report predicts that non-OECD countries, especially China, will drive future renewable energy markets. Although OECD markets will

continue to grow, the report predicts that European and North and South American OECD markets will not grow as robustly as non-OECD

markets in Asia and Africa. Of the OECD countries, Europe is expected to see the most market growth in the next five years.

According to the report, renewable power capacity in the OECD Americas should rise by over 100 GW between 2012 and 2018. The

combination of the United States large market size and economic attractiveness should also spur strong development in renewable

resources such as geothermal energy. However, the stability of federal incentives in the U.S. remains a key uncertainty for U.S. renewable

resource development.
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Overall, renewable resources like geothermal energy are playing an increasing role in final energy use for heat. The report predicts that

China and the European Union will experience the most growth in renewable energy used to supply heat and electricity in the next five

years.Iea.org (PDF)

Renewable Energy Industry May Spend Three Times as Much on Insurance Annually by 2020

By Sustainable Energy Coalition, source: Bnef.com-- The renewable energy industry could be spending three times as much on insurance

every year by 2020 to mitigate risks to projects, says a new report by Bloomberg New Energy Finance and commissioned by Swiss Re. The

report looked at six of the worlds leading markets for solar and wind, namely Australia, China, France, Germany, the United Kingdom and

the United States. Depending on the scenario, insurance premium volumes in these markets could increase from $850m today to

anywhere between $1.5bn and $2.8bn by the end of this decade. Drivers of increased demand include growing industry scale, but also

the trend to more difficult offshore wind environments and interest in the sector from more risk-averse investor groups.

National Academies Release Video on "Energy Technologies and Manmade Earthquakes"

A new video "Energy Technologies and Manmade Earthquakes: What's the Connection?" has been created by the National Academies to

accompany the report, "Induced Seismicity Potential in Energy Technologies." The video can be viewed on theNational Academies

YouTube channel. The video was supported by the Department of Energy as part of the continuing dissemination effort for the report.

GHPs Crucial to Efficient Energy Future, says GEO

An editorial from the Geothermal Exchange Organization, the national trade organization for the U.S. geothermal heat pump industry,

says "a more efficient energy future MUST include a framework for geothermal heat pumps (GHPs) and their production of renewable

thermal energy from the ground beneath our feet." Dougherty cites research at Oak Ridge National Laboratory showing a cost savings of

approximately 50% when comparing widespread GHP installations and construction of power plants on an equivalent energy basis. GHPs

also aid summer power peaks and build winter load.

President and CEO Douglas A. Dougherty writes, "GEO believes that the desire for a larger market system to capture energy efficiencies at

a higher level must include GHPs. As a DSM measure they offer a high level of truly attainable and more cost effective savings compared

to building new generation facilities."Geoexchange.org

Geothermal Heat Pumps Could Surpass $17B Annually by 2020

A new report from Navigant Research forecasts worldwide revenue from geothermal heat pump (GHP) systems will grow from $6.5

billion in 2013 to $17.2 billion annually by 2020. The report considers global GHP markets, demand drivers, existing and emerging

technologies, public policies and regulations, and key players. The global economic downturn, which slowed construction, reduced

government investments in cleantech products, and limited the ability of developers to acquire capital for high-end construction

products, has taken a toll on manufacturers of GHP products, Mackinnon Lawrence, principal research analyst with Navigant Research

was quoted onNavigantresearch.com. However, the market stands to experience strong growth in the coming years, as government

policies create incentives for the use of energy efficiency resources and manufacturers reduce the upfront cost of GHP installations.
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Community Notice Board

New This Week

Bids Invited for Three 30-MW Modules, Geothermal Development Company, Menengai, Kenya (Meeting Aug.

23)

Geothermal Development Company Limited (GDC) invites bids from eligible bidders to finance

geothermal energy weekly august 1 2013

Documents