
Mr. Alexander Gudmundsson, Chairman of Enex China signed the agreement, with the representatives from the A Er Shan Municipality. Present at the signing ceremony were Mr. Ólafur Ragnar Grímsson, President of Iceland and Iceland‘s Ambassador to China, Mrs. Kristín Árnadóttir. Dr. Zhan Qi, President of Sinopec Star and Benedikt Hoskuldsson, Head of Energy Affairs, from the Ministry for Foreign Affairs of Iceland.
A geothermal development cooperation agreement has been signed between Icelandic-Chinese partners, Enex China (owned by Geysir Energy – 80.5%, and Reykjavik Energy – 19.5%) and Sinopec Star Petroleum, which will assist the province of Inner Mongolia (northest China), to perform a geothermal survey in the A Er Shan region of the province. The survey will be used to assess opportunities for using geothermal energy for heating and power generation.
The signing ceremony was held at Iceland Ambassador's Beijing residence.
[source: Geysir Energy]