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Drilling Begins For Geothermal Power Station in Nayarit, Mexico

Drilling has begun for a geothermal power project in western Mexico.

Released Tuesday, August 16, 2016

Drilling Begins For Geothermal Power Station in Nayarit, Mexico

Researched by Industrial Info Resources (Sugar Land, Texas)--Mexxus RG (Mexicali, Baja California, Mexico), a joint venture between Mexico's Mexxus Drilling and Iceland's Reykjavik Geothermal, recently began drilling for the Ceboruco Geothermal Power Station. The power station will be located about 17 kilometers northwest of Ixtlan Del Rio, in the state of Nayarit, Mexico. The total estimated value of this investment is about $115 million.

Using binary-cycle technology to power a 30-megawatt MW steam turbine generator set, the power station will be the first of a two-phase, 100-megawatt (MW) project. The Ceboruco power station will help growing demand for electrical power in Mexico's western region. Promoters of the project say it will also help jump start private investments in Mexico's geothermal resources. The geothermal station will provide enough electricity for 25,000 households.

Mexico is the world's fourth largest producer of geothermal power. The Ceboruco power station is scheduled for full operations by the mid-to-late 2018.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
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