US Geothermal (HTM)

[terry hallinan]

Morning, Rechnerhand.

El Ceibillo Phase I will be projected commercial with operation date Q4 2015

Such schedules tend to be written on the wind but a bit more worrisome is that HTM has never before done high temperature geothermal power. Unstable political and economic conditions in Guatemala on the other hand are not usually a great problem for geothermal power. Guatemalans desperately need power that geothermal provides.

My thought about The Geysers project is that attempts to sell steam rather than power is dreamland. Ram Power tried to do it for years as totally incompetent management came ever closer to bankruptcy and dissolution.

All JMO. Indeed things seem to be looking up and the Guatemala venture is a real step up if all goes well.

Best, Terry