Mentioned in the slides for the Australian Microcap Investment Conference, Geodynamics states that discussions are well advanced for an PPA to cover an initial 10 MW development at Savo Island, Solomon Islands.
China is trying to cut down on emissions to increase air quality and also keep up with the increase in electricity demand. Sinopec is betting significant resources on the expansion of geothermal in mainland China.
The Davao City Council is keen on setting up more power plants in the city after it approved on second reading on Tuesday a resolution endorsing the request of Aboitiz Power Corp. to conduct exploratory activities for geothermal resources.
The conference will bring together policy, technical and development experts to network and interface with both local and international geothermal companies to explore leverage financing and effectively manage geothermal power plants.
The objective of the GGDP Roundtable 2 is to provide a platform for donors, multilateral financing institutions, government officials, and practitioners to exchange experiences and lessons on geothermal resource risk mitigation schemes.
Ecuador has recently welcomed the Japanese International Cooperation Agency (JICA) commission for cooperation in the development of projects CELEC EP - Termopichincha setting an important milestone in the development of geothermal projects.