Earth Heat is a New Energy Company listed on the
Australian Stock Exchange (ASX:EHR), that is focussed on the acquisition and development of green assets for electricity generation and sale. The portfolio of the Company mainly comprises approximately 180MW of operated geothermal developments worldwide, with its cornerstone assets in Djibouti and in Argentina.
In Djibouti, the Company has entered into a JV with the Djibouti Ministry of Energy and Natural Resources and Electricite de Djibouti in relation to the Fiale Geothermal Development Project, a major geothermal resource in the Rift Valley in Africa. The Project involves the staged development of a 150MW capacity project over the next several years.
Argentina is home to the 30MW Copahue Geothermal Project, in which the Company has entered into a JV with a Private Canadian entity, which provides for earning up to 87.5% of the project. A key element of the Copahue Project is that it has previously had a small scale geothermal pilot plant installed and operating, supplying a small nearby town in the 1990′s. As a result, significant infrastructure is already in place at the site.
Growth in the New Energy space will be represented by building a larger interest in African Rift Valley Geothermal projects, in addition to advancing certain coal bed methane opportunities in target markets which utilise the skills and operation capability of the Company.
