Green Green:  Financing News for the U.S. Geothermal Industry


Volume 3, Number 5
18 September 2002

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HOT NEWS

DOE ISO Geothermal Program Manager

Solicitations & RFPs

DOE Awards Renewable Energy Grants on Native American Lands

World Summit on Sustainable Development Supports Increased Use of Renewable Energy



IN EVERY ISSUE

In Short

Upcoming Events

Other Geothermal and Related Calendars

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Geothermal Resources Council
2002 Annual Meeting
22-25 September • Reno Hilton

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DOE ISO Geothermal Program Manager

The U.S. Department of Energy (DOE) is recruiting for the position of a Washington, D.C.-based Geothermal Program Manager.

The Geothermal Manager serves as the program manager for the Office of Geothermal Technologies Program, directing, managing, and overseeing the work of professional and highly technical personnel involved in increasing the viability of Geothermal Technologies. Candidates must posses one year of specialized experience which is in or directly related to this position and provides the particular knowledge, skills, and abilities to successfully perform the duties of this position.

The Announcement Number 02-EE-2C-0530MB and vacancy description for Program Manager GS-340-15 are available on DOE's website.

Applications must be submitted online via the DOE Jobs ONLINE website by Midnight, Eastern Time, 1 October

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Solicitations & RFPs

The following solicitation may be of interest to the geothermal community.

Due 27 September

Energy Innovations Small Grant Program. The California Energy Commission's (CEC) Energy Innovations Small Grant (EISG) Program provides grants to small businesses, non-profits, individuals, and academic institutions to conduct research that establishes the feasibility of new and innovative energy concepts. Research projects must target one of the six PIER program areas (including renewable generation), address a California energy problem, and provide a potential benefit to California electric ratepayers.

This is the second solicitation for 2002. Grants up to $75,000 will be awarded with terms up to 12 months. Up to four solicitations per year are planned; total annual funding is $2 million.

The proposal cutoff date is 27 September. For more information and to obtain the solicitation, see the CEC EISG website.

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DOE Awards Renewable Energy Grants on Native American Lands

Secretary of Energy Spencer Abraham announced $3 million in grants to 14 Native Americans tribes to advance the development of renewable energy technologies on tribal lands.

Of the 14 grants awarded, 3 are for biomass, 4 for wind, 6 for multiple sources (e.g., wind, solar, biomass, and micro hydroelectric), and 1 for geothermal. The Pueblo of Jemez in North Central New Mexico received $173,086 to assess the feasibility of using geothermal resources in greenhouses, perhaps for the cultivation of plants and vegetables, or for commercial fish hatcheries. The Tribe has used low-temperature geothermal resources—thermal seeps and springs along the Jemez River—for centuries.

Under the Pueblo of Jemez's cooperative agreement, New Mexico State University (NMSU) will conduct a feasibility study looking at various ways of tapping into this geothermal energy at Jemez Pueblo. Ultimately, the goal is to spur economic development, according to Mehrdad Khatibi, acting director for the Department of Resource Protection at Jemez Pueblo. In addition to reviewing the resources themselves, NMSU and Virginia-based McNeil Technologies will conduct an engineering and economic analysis of various development scenarios and ultimately create a business plan with pueblo officials.

Map of Jemez Pueblo
Source: Walatowa Visitor Center

The Pueblo of Jemez is located approximately 45 miles northwest of Albuquerque, within the southern end of the majestic Cañon de San Diego. The present site of the Jemez Pueblo has been occupied since the 16th century.

For more information, see the U.S. Department of Energy's Tribal Energy Program website.

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World Summit on Sustainable Development Supports Increased Use of Renewable Energy

Government delegates at the United Nations World Summit on Sustainable Development which took place in Johannesburg, South Africa (26 August-4 September) agreed on a Plan of Implementation that includes a commitment to increase the use of renewable energy. While the plan calls for countries to act "with a sense of urgency" to substantially increase the global use of renewable energy, and also commits to phase out subsidies for non-sustainable energy sources, it fails to set a specific renewable energy target. The debate over whether to include a target was one of the summit's most contentious.

A plan favored by the European Union would have committed countries to using renewable energy sources for 15% of the world's energy production by 2010. But the United States, Canada, and Saudi Arabia rejected such proposals.

As part of the Plan of Implementation, which is available as a Word document on the UN's website:

  • Nine major electricity companies of the E7 signed a range of agreements with the UN to facilitate technical cooperation for sustainable energy projects in developing countries;
  • The European Union announced a $700 million partnership initiative on energy;
  • The United States announced that it would invest up to $43 million in 2003 through the Clean Energy Initiative; and
  • The UN has received 32 partnership submissions for energy project with at least $26 million in resources.

The Clean Energy Initiative aims to provide millions of people with access to new energy services, to increase the efficiency of energy use, and reduce deaths from air pollution by changing the way people use energy for transportation and in their homes. The United States expects to attract an additional $400 million in investments in the initiative through partnerships with other governments and organizations. The initiative will be coordinated by the U.S. Agency for International Development, the Department of Energy, and the Environmental Protection Agency.

The UN is also launching a new initiative, called the Global Network on Energy for Sustainable Development (GNESD). Initially comprising 10 centers in 10 developed and developing countries, the GNESD will help promote the research, transfer, and deployment of green and cleaner energy technologies to the developing world. For more information, see the UN Environment Programme press release in Adobe PDF format.

Over 100 Heads of State and Government, joined by more than 9,000 delegates, 8,000 non-governmental organizations, and 4,000 members of the press, participated in the summit.

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In Short

China
  • The Hebei provincial geological department recently discovered a 3,200-meter-deep geothermal resource with sodium chloride water of about 85°C and a flow rate of 40 tons/hour. Experts estimate that geothermal reserves in Hebei province total 17.06 billion tons of standard coal, with exploitable reserves of 2.8 billion tons of standard coal. To date, the province has developed 600 hectares of planting and breeding areas through the exploitation of geothermal resources, and supplied heat to over two million square meters of housing. An official of the province's new energy development office said that the province currently uses about 20% of its geothermal resources.
  • Geothermal energy is not included under renewable energy in China's five-year state program; there is not much funding for geothermal research. Tibetans are drilling a directional deep-well in the northern part of the Yangbajing geothermal field with support from the Japan International Cooperation Agency (JICA).
  • WaterFurnace International has entered into an agreement to provide geothermal heating and cooling systems for three new projects in China. The projects are for a factory and a 32-story apartment building in the city of Ningbo, and for a factory in Cixi County. Based in Fort Wayne, Indiana, WaterFurnace International has installed geothermal systems in China since 1983.
Eastern Europe
  • Black & Veatch of the USA is performing a renewable energy study for the European Bank for Reconstruction and Development (EBRD). The project will assess the potential for renewable energy in the 27 countries covered by the EBRD. The objective is to identify a flow of renewable energy projects—for which commercial or near commercial utilization is available—for further investigation and possible financing by the EBRD. The final report to EBRD will be available later this year. Further information is available at http://projects.bv.com/ebrd.
Indonesia
  • Unocal Geothermal of Indonesia, Ltd. (UGI), a subsidiary of U.S.-based Unocal Corp., in conjunction with its 50:50 partner Dayabumi Salak Pratama Ltd. (DSPL) of Indonesia recently concluded an agreement over pricing and production issues for the planned Gunung Salak steam production and electricity generation project. Located on the western side of the island of Java, the planned 330 MW geothermal project will be implemented under a build-operate (BO) scheme for 40 years. Energy output will be sold to Perusahaan Listrik Negara (PLN). The new agreement extends the contracts to 2040 and includes a commitment by PLN to accept as much steam and electricity as possible to meet increased demand in the Java-Bali electricity distribution system. In addition, the agreement reaffirms the Government of Indonesia's guarantee of PLN's obligations to UGI, DSPL, Pertamina, and the project's lenders. Unocal is negotiating contracts regarding the Sarulla geothermal area and the Wayang Windu geothermal project with PLN and Pertamina.
  • Chevron and Texaco, the owner of PT Caltex Pacific Indonesia, will invest up to US$ 450 million to develop Indonesian oil and gas oil fields in 2003. Vice President of Chevron-Texaco Petroleum Inc. (CPI) George L. Kirkland said the company also plans to develop geothermal energy and build a new geothermal power plant . The project, however, still needs further studies, he said as quoted by the newspaper Bisnis Indonesia (Source: AsiaPulse).
Latin America
  • The electrical interconnection which connects El Salvador and Honduras was officially inaugurated on 21 August. The larger El Sistema de Interconexion Electrica para los paises de America Central (SIEPAC) project, which will create a regional electricity market and build a 300-MW capacity line extending from Guatemala to Panama, is being delayed. The Salvadoran Congress has not ratified an Inter-American Development Bank loan needed to start the project. Guatemala, Honduras, Nicaragua, Costa Rica, and Panama have done so (Source: Marcelo Lippmann, E.O. Lawrence Berkeley National Laboratory).
  • The Congress of Guatemala will consider a law promoting the development of renewable energies (including geothermal) for electricity generation. The legislation would reduces taxes, and reduce or eliminate import duties for equipment. According to the 16 September La Prensa Libre, if the Congress passes the law, it will be analyzed by the Treasury Department before being sent to the President for final approval (Source: Marcelo Lippmann, E.O. Lawrence Berkeley National Laboratory).
New Zealand
  • The privately owned Mokai geothermal power station will increase capacity by 39 MW at a cost of $40 million. The plant currently has an installed capacity of 60 MW. Mokai is owned by the Tuaropaki Trust, which owns approximately 6,700 acres of land around Taupo. Though financing for the expansion is still being finalized, the contract to build the new plant has been awarded to ORMAT, which hopes to have the expansion completed by the end of 2004.
Philippines
  • Unocal’s subsidiary PGI is in the advanced stages of discussions with the Power Sector Assets and Liabilities Management Corporation (PSALM) to settle its long-standing contract dispute with National Power Corp. (NPC), as aligned with the Power Reform Law. The discussions have focused on the continued development of the Tiwi and Mak-Ban geothermal projects which PGI pioneered and developed since the early 1970s in partnership with NPC, where PGI supplies steam to NPC’s power plants.
  • The Philippine National Oil Company's Energy Development Corp. (PNOC-EDC) and Indonesia's Pertamina are considering a US$ 600 million geothermal power plant joint venture, PNOC-EDC chairman and president Sergio Apostol said. Apostol said the two companies are planning to build three geothermal power plants with a combined capacity of 300 MW. The plants may be located in North Sulawesi and South Sumatra. The funds needed for the project may be raised through concessional loans (Source: AFX News-Asia).
  • PNOC-EDC is exploring a partnership with Hong Kong Electric through which the latter will invest up to $450 million to buyout the Tongonan geothermal plants, which are currently under contract with MidAmerican Energy Holdings. EDC has a build-operate-transfer (BOT) contract with MidAmerican for at least three generating units in Tongonan plants: the 232 MW Malitbog plant, the 120 MW Upper Mahiao plant, and the 160 MW Mahanagdong plant. According to PNOC-EDC chairman and president Sergio Apostol, talks are in the exploratory stage (Source: Manila Bulletin, 1 September).
Russia
  • The first 25-MW unit of the Mutnovsky geothermal power plant went online on 25 August in Kamchatka. Dependent on oil imports for heat and light, Kamchatka Peninsula has the highest electricity rates in Russia. The first unit of the Mutnovsky plant will supply 25% of the peninsula's energy needs. The $160-million plant was financed by a $100-million loan from the European Bank for Reconstruction and Development, with the balance coming from the Unified Energy System of Russia and the Kamchatka Region administration.
United States
  • The California Energy Commission (CEC) approved eight grant projects recommended for funding under the Renewable Energy Consumer Education Program. The projects will provide consumer education and information on renewable energy and renewable energy technologies. The total requested funding for the eight projects is $492,818; $485,688 will be provided as matching funding. For project descriptions, see the CEC's website.

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Upcoming Events

2002
2003
September January
October February
November March
December April

16-19 September
Website: National Summit on Emerging Tribal Economies
Phoenix, AZ

17 September
Website: Eurasia Summit 2002
New York, NY
Held during the United Nations General Assembly

17-18 September
Website: The Power is Yours: Distributed Generation Technologies for the Pacific Northwest
Everett, WA

17-20 September
Website: 3rd National Small Farm Conference
Albuquerque, NM
The conference will discuss ways to keep small farms economically viable, and to coordinate activities to help America's small farms, ranches, and rural communities survive and thrive in the 21st Century.

18-20 September
Website: Advanced Financial Modeling for Project Finance
New York, NY
Tel: (212) 346.1188

19 September
Renewable Energy and Emissions Markets: A Corporate Buyer's Perspective
Washington, D.C.
Contact: Beth Bahs-Ahern at (202) 729-7674 or Email
The briefing will be held from 1:00-2:30 P.M.. in Room 311 of the Cannon House Office Building. It is cosponsored by the World Resources Institute and the House Renewable Energy and Energy Efficiency Caucus, and open to the public.

20-22 September
Website: 3rd Annual Northwest Renewable Energy Festival
Walla Walla, Washington

22-25 September
Website: Geothermal Resources Council (GRC) 2002 Annual Meeting: The Baseload Renewable Resource
Reno, NV
This world renowned event provides an ideal opportunity for developers, suppliers, and support organizations to exhibit their equipment and services to the international geothermal community. The 2002 Annual Meeting will feature distinguished keynote speakers at its Opening Session and Technical and Poster Sessions on a broad range of timely geothermal resource and development topics. The meeting also features technical workshops, field trips, the popular Annual Golf Tournament and GRC Banquet, and the Geothermal Energy Association Geothermal Energy Trade Show, the world's largest gathering of vendors providing geothermal equipment and supplies.

23-24 September
Website: Financing Mexico's Environmental Infrastructure
Mexico City, Mexico
Meet Mexican municipalities seeking to purchase environmental infrastructure products, services, and technologies for renewable energy; utilize low-risk joint financing from the U.S. Export-Import Bank and BANOBRAS; and take advantage of the U.S. Pavilion at Enviro-Pro 2002.

26 September
Website: Staff Workshop for the PIER Buildings Energy Efficiency Program
Sacramento, CA

30 September-2 October
Website: 7th National Green Power Marketing Conference
Washington, D.C.

30 September-2 October
Website: Latin America Investor Summit
Washington, D.C.
Held during the Annual Meetings of the World Bank and the International Monetary Fund

30 September-4 October
Electric Power Mission to Vietnam and Thailand
Hanoi and Ho Chi Minh City, Vietnam and Bangkok, Thailand
Email: Andrew Collier, Energy Division - Basic Industries, U.S. Department of Commerce; Tel: (202) 482-0680
The Deputy Assistant Secretary for Basic Industries of the U.S. Department of Commerce, Kevin Murphy, or a designee will lead the electric power trade mission. The mission will include representatives of 8-15 U.S. electric power companies and equipment manufacturers interested in entering or expanding their presence in Vietnam and Thailand.

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1 October
Business Opportunities in Southeast Europe
Chicago, IL
Contact: Emily Brinkmoeller, World Trade Center Chicago, Tel: (312) 467-0603 or Email
The conference will provide U.S. exporters and investors with information regarding the business environment and opportunities in Croatia, Bosnia, F.R. Yugoslavia, Albania, Romania, Slovenia, Bulgaria, and F.Y.R. Macedonia. Participants in the seminar will hear about U.S. government trade, finance, and investment support programs. The conference will cover food and agriculture, energy, infrastructure, and information technology.

1-4 October
6th International Conference on Greenhouse Gas Control Technologies
Kyoto, Japan
Organized by the GHGT-6 Secretariat
Email: Norifumi Matsumiya

2-3 October
West Coast Power
San Francisco, CA
Email: Greg Lesniewicz, Tel: (713) 463-9595, ext. 303
West Coast Power will examine current challenges and opportunities for the power industry in the western U.S., with a focus on political, economic, and technical issues.

9-11 October
9th Annual Africa Upstream 2002
Cape Town, South Africa
Email: Babette van Gessel

9-11 October
Website: World Energy Engineering Congress
Featuring Renewable Energy Technology 2002
Atlanta, GA

11 October
5th Annual Seminal on Environmental Business Opportunities with the Multilateral Development Banks
San Antonio, TX
For more information, contact the Free Trade Alliance San Antonio by phone at (210) 229-9036 or by fax at (210) 229-9724.

11-17 October
Website: 2nd Iceland Deep Drilling Project IDDP/ICDP Geothermal Workshop
Various locations, Iceland

15-17 October
Website: Renewable Realities
Orkney, Scotland
This is the first international conference to focus on the practical aspects of renewable energy systems in real situations. The conference will take place in Orkney which has a history of research and commercial wind development.

18-20 October
Website: Geothermal Energy Resources for Developing Countries
Short Course held in conjunction with the XXXII International Association for Hydrogeologists Congress on Groundwater and Human Development
Mar del Plata, Argentina
The aim of the course is to increase knowledge of geothermal energy resources by researchers, academicians, industrialists, agriculturists, planners, and policy makers from around the world.

21-25 October
Website: XXXII International Association for Hydrogeologists Congress on Groundwater and Human Development
Mar del Plata, Argentina

22-24 October
Website: Sustainable Energy and Energy Efficiency Expo 2002
Olympia, London, United Kingdom

23-25 October
Website: Financing Wind Power Projects
Santa Monica, CA

23-24 October
Website: Renewable Power Delivery
Renewable Power Association Conference at the Sustainable Energy and Energy Efficiency Expo (see above)
Olympia, London, United Kingdom

23-25 October
Website: Distributed Energy Resources (DER) Regional Workshop
Boston, MA
The focus of the workshop is linking Federal facility managers interested in installing DER projects with project developers, equipment manufacturers, and system designers.

28-29 October
Website: 3rd Annual Global Export Finance Conference
London, United Kingdom

29-30 October
Website: 15th NREL Industry Growth Forum
Albany, NY
The event will focus on the emerging clean energy market. It will bring together over 100 financiers, e.g., venture capitalists, angel investors, commercial and investment bankers, and private lenders; representatives of the nation's largest and most innovative energy companies; and early- and late-stage entrepreneurial firms.

29-31 October
Email: Beijing International Geothermal Symposium
Beijing, China
Email: Jiurong Liu, Beijing Geothermal Engineering Institute
The subject of the symposium is: "Geothermal Contributes to the 2008 Olympics in Beijing." Topics include direct utilization, sustainable development, tentative plans for Olympic Park, and the status of geothermal development worldwide.

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4-8 November
Website: 3rd Earth Sciences National Conference
Puerto Vallarta, Mexico

6-8 November
Email: 20 Jahre Tiefe Geothermie in Deutschland
Waren, Germany

6-9 November
II International Renewable Energy Source Symposium
Santiago, Chile
Email: Ruben Ramos Heredia, Centro de Investigaciones de Energia Solar

7-9 November
Website: 2002 APEC Exhibition on New & Renewable Energy Technology
Seoul, South Korea
Email: Korea Institute of Energy Research

13-15 November
Website: International Energy Conference & Exposition
Reno, NV
The conference will address current and future energy-related issues and discuss solutions. Government representatives, along with all sectors of the energy industry, e.g., oil, natural gas, geothermal, solar, wind, and hydropower, will present new ideas, technologies, products, and services that will benefit the entire energy industry.

13-15 November
Website: 24th New Zealand Geothermal Workshop
Auckland, New Zealand

15-17 November
Website: NW Energy Coalition Fall Board Meeting
Portland, OR

18-19 November
Website: 2nd Annual Trade Finance in Asia Conference:
Exploring Opportunities in China and Beyond
Shanghai, China

20-22 November
Website: Fifth State and Local Climate Change Partners Conference
Hosted by the U.S. Environmental Protection Agency
Cosponsored by the U.S. Departments of Energy and Transportation
Annapolis, MD

2-6 December
Website: Secretarial Business Development Mission
Lima, Peru and Santiago, Chile
Secretary of Commerce Donald Evans will lead a senior-level business development mission to Lima, Peru and Santiago, Chile. The focus of the mission will be to help U.S. companies explore business opportunities in Peru, the Andean Region, and Chile. The delegation will include approximately 15 U.S.-based senior executives of small, medium, and large U.S. firms representing, but not limited to the following sectors: energy, services, machinery and equipment, information and communication technologies. The application deadline is 2 October.

3-4 December
Website: Global Energy Finance Summit
New York, NY

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2003
27-29 January 2003
Website: 28th Stanford Workshop on Geothermal Reservoir Engineering
Stanford, CA
First call for papers. Titles and abstracts are due at Stanford University by 11 October 2002.

20-23 February
Website: India International Clean Energy Expo 2003
Bangalore, India
The exposition will showcase clean energy technologies, products, and services for worldwide buyers and sellers; feature India as a leading destination for clean energy products, services, and technology; and highlight global and governmental clean energy policies and incentives.

12-13 March
Email: 24th Annual PNOC-EDC Geothermal Conference
Manila, Makati City, Philippines

TBD April
East Africa Geothermal Workshop
Nairobi, Kenya
Email: Tom Hamlin, United Nations Environment Programme
The workshop will promote geothermal development in East Africa by presenting information about opportunities in the Rift Valley countries and facilitating meetings with regional public and private sector energy representatives.

Spring
Website: Distributed Energy Resources (DER) Regional Workshop
Los Angeles, CA
The primary focus of the workshop is to link Federal facility managers interested in installing DER projects with project developers, equipment manufacturers, and system designers.

7-9 May
Website: 23rd Annual Utility Energy Forum
Tahoe City, CA

14-16 May
Website: Energy and the Environment 2003
First International Conference on Sustainable Energy, Planning, and Technology in Relationship to the Environment
Halkidiki, Greece

25-30 May
Website: European Geothermal Conference (EGC) 2003
Szeged, Hungary
EGC 2003 is organized by the Hungarian Geothermal Association, the Romanian Geothermal Association, the Slovakian Geothermal Association, and select companies. The conference will include a technical program, an exhibition, field trips, and social events. Scientific correspondence should be emailed to Dr. Franciska H. Karman

14-17 September
Website: International Geothermal Conference: "Multiple Integrated Use of Geothermal Resources"
Reykjavik, Iceland
The objectives of the IGC-2003 are to provide an international forum for the exchange of ideas, experiences, and knowledge relating to engineering, environmental, financial, and scientific issues of multiform geothermal development; to demonstrate the indisputable benefits that may be attained from integrated and multi-use of geothermal energy with respect to environmental, socioeconomic, and pure commercial considerations; and to identify barriers to widespread geothermal development, e.g., legal issues, risk, public attitude, and scarcity of funding, and their mitigation.

24-27 September
Website: Structures in the Continental Crust and Geothermal Resources
Siena, Italy

25 September-1 October
Email: SITH2003 / Société Internationale des Techniques Hydrothermales
Beppu, Japan

12-15 October
Geothermal Resources Council (GRC) 2003 Annual Meeting
Held in conjunction with the Comision Federal de Electricidad (CFE)
Morelia, Mexico
Contacts (email): Ted Clutter, Jim Combs, or Gerardo Hiriart

7-11 December
Website: Fourth International Conference on Fluid and Thermal Energy Conversion
Bali Island, Indonesia

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2004
20-28 August 2004
Website: 32nd International Geological Congress
Florence, Italy

5-10 September
Website: 19th World Energy Congress
Sydney, Australia

2005
24-29 April 2005
Website: World Geothermal Congress 2005
Antalya, Turkey

To have your event listed, contact the Editor.

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31 October 2002.

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THE FINE PRINT

Green Green is produced for the Idaho National Engineering & Environmental Laboratory (INEEL) under Purchase Order No. K99-181018 and the U.S. Department of Energy, Assistant Secretary for Energy Efficiency and Renewable Energy, Geothermal Technologies Program.

This information was prepared as an account of work sponsored by an agency of the U.S. Government. Neither the U.S. Government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the U.S. Government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the U.S. Government or any agency thereof.


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