GreenTEK explores geothermal power in Mexico

The Mexican division of Switzerland-based GreenTEK Ventures is exploring the potential of taking a stake in what would be the first private geothermal project in Mexico.
Based on an interview with the firm's managing director Jorge Gage, BNamericas reports the plant is expected to have a capacity of 11 MW in the first of its six stages.
The geothermal brine would be used in a binary cycle geothermal plant rather than flash steam, the most common type of geothermal plant, the report said.
"[Binary cycle] is going to dominate the geothermal world in the coming years. Today [Mexican state power company] CFE's programmes are focused on the reconversion of flash turbines to binary turbines," said Gage.
GreenTEK Ventures aims to invest $100mn in equity over the next ten years and is also evaluating three other renewable energy projects in Mexico, with a total capacity of over 75 MW.
For more Geothermal Power news.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...