Magma Energy Corp., Vancouver, BC, plans to develop a geothermal power plant in Chile 300 km south of Santiago.
By OGJ editors
HOUSTON, May 5 – Magma Energy Corp., Vancouver, BC, plans to develop a geothermal power plant in Chile 300 km south of Santiago.
The company is drilling the second of five slim holes into the Mariposa reservoir at 1,500 m. The four wells are to be finished by December 2010 at a combined cost of $15 million. A well drilled in 2009 found temperatures above 200° C. at a depth of 650 m. The inferred resource is 320 Mw.
The plan is to develop a first phase 50 Mw geothermal operation on Magma Energy’s 4,000-ha Laguna de Maule property, within 25 km of two planned hydro power plants and associated transmission lines. The Laguna de Maule and adjoining 100,000-ha Pellado properties encompass the Mariposa geothermal reservoir.