Ormat Technologies announced the company's San Pablo II geothermal exploration concession in Chile has been granted. The site is located on top of 26,000 acres of land north of the San Pablo/San Pedro twin-volcanic complex. The concession is near existing roads and copper mines, which could be offtakers of generated power at the geothermal site. Following this development, the company will launch testing and feasibility assessments for commercial geothermal power development. If this proves to be positive, Ormat will apply for an exploitation concession.
