Argentina's San Juan province studies geothermal plant
Aug 27, 2013 - Argentina's San Juan province is working in association with local firm Geotermia Andina and mining company Barrick Gold (TSE:ABX) to have a feasibility study for its first geothermal plant by mid-2014, Geotermia Andina's president, Giorgio Stangalino, said.
The companies are exploring the Los Despoblados area in the Andes, with majority financing from Barrick. The area was selected due to the presence of hot water and proximity to Barrick's Veladero mine.
After completing the initial five wells, as of December the joint venture will drill deeper to over 1,000 m (3,281 ft). The plant could have a capacity of 20 MW, enough to cover Veladero's power demand.
Geotermia Andina is a subsidiary of Canada-based Andean Geothermal Power, which focuses on geothermal energy for the mining industry.
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