Ann: Hot Rock Enters Geothermal Market in Peru , page-2

re: Ann: Hot Rock Enters Geothermal Market in... Taking a look at this one again

Sydney - Thursday - April 15: (RWE Aust Business News) - Hot Rock
(ASX:HRL) has formed a wholly owned subsidiary company in Peru,
registered as Hot Rock Peru S.A., which is actively seeking high
temperature volcanic geothermal projects suitable for electricity
generation and direct use.
HRP has set up an office in Lima and lodged four exploration
applications in southern Peru near existing transmission lines and
electricity markets.
These applications are being processed by the Ministry of Energy
and Mines.
The volcanic/geothermal setting in Peru is very similar to Chile
where HRL established Hot Rock Chile in 2008 and which has recently been
granted three and offered a further two geothermal tenements.
Peru has a huge potential for the development of volcanic
geothermal resources for both electricity generation and direct use in
the same manner as has been undertaken over the past 50 years around the
Circum Pacific Rim in countries such as New Zealand, PNG, Indonesia,
Japan, Russia, the western US, Mexico and Central America, where 7,000MWe
of geothermal power has been installed and is currently in operation.
An initial desktop analysis of geothermal prospects undertaken by
HRL in 2009 and a series of subsequent reconnaissance field
investigations have located a number of high temperature geothermal
fields.
HRP has filed exploration applications over four tenements in
southern Peru to undertake detailed surface exploration studies and
exploration drilling.
These tenements will be extended later into production
development licences, if exploration is successful.