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Researched by Industrial Info Resources (Sugar Land, Texas)--Reykjavik Geothermal (Iceland) plans to develop and construct a 30-megawatt (MW) geothermal power station through Mexxux R.G., a consortium formed by Reykjavik Geothermal and Mexican firms. The power station will be located in Mexico's Nayarit state in the Ceboruco volcanic zone, with a total estimated investment value of $105 million. The generated power will be sold to Mexico's state-owned utility Comision Federal de Electricidad (CFE).
Construction of the station will include geothermal, binary-cycle turbo-expander technology that will help to produce 30 MW of clean, reliable and renewable energy. The project may be constructed in two phases, depending on the economic situation and demand. When completed, the geothermal station will provide enough electricity for about 25,000 households.
CFE has dominated the creation of geothermal power generation for the past 30 years by utilizing various types of geothermal technologies, such as backpressure, condensing and binary units. However, in order for the geothermal market to grow, it will need to include independent power producers (IPP). As Mexico continues to cope with electrical demands, Reykjavik Geothermal, an IPP, seeks to contribute to the country's goal of generating the cleanest and safest energy possible.
The Ceboruco geothermal power station is expected to be a major contribution to local income. When developed, the large geothermal energy potential in Nayarit will impact the economic growth of the region, creating "green" energy jobs during the construction and operational phases. A large number of employees will be needed for the construction phase; when completed, between eight and 12 employees will be required for operations and maintenance.
Construction of the first phase is expected to begin sometime toward the end of 2014. It is slated for full operation at the end of 2016.
Although it has taken Mexico 30 years to utilize its geothermal resources, it is now ranked third globally in production. The U.S. and the Philippines are the only two countries that produce more geothermal energy.
View Plant Profile - 3099140
View Project Report - 300131961
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine 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.
Construction of the station will include geothermal, binary-cycle turbo-expander technology that will help to produce 30 MW of clean, reliable and renewable energy. The project may be constructed in two phases, depending on the economic situation and demand. When completed, the geothermal station will provide enough electricity for about 25,000 households.
CFE has dominated the creation of geothermal power generation for the past 30 years by utilizing various types of geothermal technologies, such as backpressure, condensing and binary units. However, in order for the geothermal market to grow, it will need to include independent power producers (IPP). As Mexico continues to cope with electrical demands, Reykjavik Geothermal, an IPP, seeks to contribute to the country's goal of generating the cleanest and safest energy possible.
The Ceboruco geothermal power station is expected to be a major contribution to local income. When developed, the large geothermal energy potential in Nayarit will impact the economic growth of the region, creating "green" energy jobs during the construction and operational phases. A large number of employees will be needed for the construction phase; when completed, between eight and 12 employees will be required for operations and maintenance.
Construction of the first phase is expected to begin sometime toward the end of 2014. It is slated for full operation at the end of 2016.
Although it has taken Mexico 30 years to utilize its geothermal resources, it is now ranked third globally in production. The U.S. and the Philippines are the only two countries that produce more geothermal energy.
View Plant Profile - 3099140
View Project Report - 300131961
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine 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.
