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Company Overview
Earth Heat is an ASX listed New Energy company (ASX: EHR) focused on green assets for electricity production.
The Company's primary asset is the Copahue Geothermal Project in Argentina where it has signed a Heads of Agreement to farm-in and joint venture with Geothermal One Inc., a private Canadian company where Earth heat has the opportunity to earn up to 87.5% of the project through development funding.
The Copahue Project comprises of an identified 30MW geothermal development with significant expansion opportunities. Four geothermal wells exist on site and it is anticipated that development of the Project will result in power production and revenue by 2014. The Copahue Project is the most advanced geothermal development opportunity held by any ASX listed geothermal explorer.
As part of Earth Heat's strategy to seek new investments within the New Energy space, the Company has recently acquired a number of coal bed methane and geothermal opportunities from Planet Gas Ltd.
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