Projects

R2E2 Geothermal Update

Organization: DH Infrastructure

Description

The Armenia Renewable Resources and Energy Efficiency Fund (R2E2) wanted to update the 2012 economic and financial appraisal of a potential geothermal plant at Karkar, Armenia, based on the results of exploratory drilling at the site conducted in late 2016. The objective of the study was to analyze the economic and financial viability of a number of different conceptual plant scenarios based on the temperatures and well flow volumes observed during the exploratory drilling, and to attract private investment in geothermal opportunities at the Karkar site.

Service Provided

DHInfrastructure provided updated financial and economic analysis of the conceptual geothermal plant scenarios at the Karkar site, based on geothermal resource temperatures and well flow volumes observed during the exploratory drilling, using the same model developed for the original study in 2012. DHInfrastructure updated the report with the new results, and developed a presentation and brief investment prospectus to assist R2E2 and the Government of Armenia in attracting private investment in geothermal opportunities at the Karkar site.