Guatemala: Exploration of Geothermal Concessions
Radius Gold company reached an agreement with Molten Power Corp, under which the second will explore and exploit the geothermal energy concessions of the first.
Thursday, November 4, 2010
Under the terms of the agreement, the Canadian company Power Molten Corp may acquire 100% of Radius´s geothermal concessions by issuing 2 million shares.
As part of the Geothermal Energy Master Plan a delegation of experts will be arriving from the volcanic country where 100% of the energy matrix is renewable.
Congress has approved a contract for the use of waters by a geothermal plant in Platanares which will produce 35 KW.
The volcanic mountain range of los Maribios could potentially generate more than 1,500 megawatts for the country.
Ram Power Corp. and Magma Energy Corp. were awarded 2 geothermal energy exploration concessions.
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