Friday, November 10, 2017

Iceland: Field Enhancement Efforts Increase Generation at Reykjanes Geothermal Power Plant to 76 MW

Alterra Power Announces Results For The Quarter Ended September 30, 2017 (News Release)

Canadian geothermal energy company Alterra Power Corp. reports its financial and operating results for the quarter ended September 30, 2017. Highlights for the quarter and subsequent period include:

Geothermal field improvement at Reykjanes: Recent field enhancement efforts (including wellhead cleaning and adjustments to turbine pressure and reservoir levels) have resulted in increased generation.

The company expects further increases in plant output in 2018 from the drilling of planned new wells and well work-overs.

Generation at Reykjanes has been above budget all year except for a plant maintenance outage in September, which resulted in lower than forecast generation during the quarter. The plant is currently generating at 76 MW, the highest output level since second quarter 2016.

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