The Financing of a Demonstration Geothermal Project
- Key words
- Economics; Power Generation; USA; Hawaii; Financing; Well Head Generators
- Location
- Puna, Hawaii
- Conference
- Geothermal Resources Council Transactions
- Year
- 1985
- Session
- Economics; Financing; Operations management; Power plant des
- Language
- English
Abstract
The State of Hawaii started a geothermal exploration program, focuses in the Kilauea East Rift Zone of the Island, in the late 1960's. The urgent demand for alternate energy created by the global petroleum disruptions of the 1970's encouraged Federal agency energy agencies to join the Hawaii team to drill, on the first attempt, a successful deep well, and construct a 3 megawatt wellhead generator. The costs were high, especially for the generator, but his timely demonstration of a viable geothermal resource ahs encouraged private developers.
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