Western GeoPower Corp.: Geysers Plant Capacity Increased to 35 MWe-Turbine Ordered
April 09 2008 - 2:43AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: WE6.F), a renewable
energy development company, is pleased to announce that a review by
independent consultants GeothermEx, Inc. has determined that the
optimum capacity for the Western GeoPower Unit 1 project at The
Geysers Geothermal Field in California is 35 MWe (gross), following
the acquisition in July 2007 of the 413 acre Abril Ranch leasehold.
As a result, the Company has signed an agreement with Fuji Electric
Corporation of America ("Fuji") for the supply of one 35 MW Top
Exhausting Geothermal Condensing Steam Turbine Generator Unit for
delivery to the Unit 1 project site in August 2009.
A feasibility report by GeothermEx in October 2006 projected the
Unit 1 leasehold, then comprising approximately 600 acres, would
support a 28 MWe (gross) power plant. The Abril leasehold
acquisition increases the Western GeoPower holdings to 1,017 acres.
An examination of earlier production records from the Abril
leasehold showed the Abril 1-1 well as having an initial capacity
of 7 MW, supplying steam to the original PG&E Unit 15 plant for
16 months, until the plant's decommissioning in 1989. Another well,
Abril 5B-1, located over 1 Km (0.6 miles) to the northwest of Abril
1-1, did not encounter steam, but showed a much higher bottom-hole
temperature of 290 degrees C (554 degrees F) compared to all other
wells in the overall WGP leaseholds, implying the presence of a
yet-unexplored liquid reservoir below the steam zone. The Abril
5B-1 well will be examined in greater detail during 2009 to explore
the potential for a greater reserve base for the current proposed
plant or the potential for a second power plant.
The selection of Fuji as the supplier of the turbine generator
followed a competitive bidding process under a Request For
Proposals prepared and coordinated by POWER Engineers, Inc. of
Hailey, Idaho, a world leader in geothermal power plant design and
engineering.
"Fuji has successfully delivered over 500 steam turbine
generator units to the worldwide market, totaling almost 31,000 MWe
of power generation, including 1,850 MWe of geothermal power
generation" said Koji Yasuda, Vice-President of Fuji Electric
Corporation of America. "We are pleased to have been awarded the
contract to supply Western GeoPower and to continue our long
relationship with The Geysers field."
"Fuji has earned a solid reputation over many years with the
plant operators at The Geysers and around the world," said Kenneth
MacLeod, President and CEO of Western GeoPower. "Our selection of
the Fuji turbine was based on a combination of turbine reliability,
cost competitiveness and delivery schedule."
The Geysers geothermal field, located 75 miles north of San
Francisco, California, is the largest producer of geothermal
electricity in the world. Commercial geothermal power has been
generated continuously at The Geysers field since 1960, the present
generation level being about 900 MWe of clean, baseload
electricity. Western GeoPower's Unit 1 project is situated in the
south-western region of The Geysers field in Sonoma County.
Western GeoPower Corp. is a renewable energy company dedicated
to the development of geothermal energy projects for the delivery
of clean, sustainable, baseload electricity generation. The Company
is developing The Western GeoPower Unit 1 geothermal power plant at
The Geysers Geothermal Field in California, United States and the
South Meager Geothermal Project in British Columbia, Canada.
On behalf of Western GeoPower Corp.
Kenneth MacLeod, President & CEO
Cautionary Note Regarding Forward-Looking Statements
Statements in this release that are forward-looking are subject
to various risks and uncertainties concerning the specific factors
identified above that reflect the Company's expectations and
projections about its future results. The Company has tried
whenever possible to identify these forward-looking statements
which include but are not limited to, words such as "anticipates,"
believes," "estimates," "expects," "plans," "intends," "potential,"
and similar expressions. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Investors
are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements.
The Company disclaims any obligation or intention to update or to
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Such information contained
herein represents management's best judgment as of the date hereof
based on information currently available.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Western GeoPower Corp. Investor Relations (604)
662-3338 or US/Canada Toll Free: 1-866-662-3322 (604) 646-6603
(FAX) Email: info@geopower.ca or IR@geopower.ca Website:
www.geopower.ca
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