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US-based geothermal explorer and developer the Dewhurst Group plans to begin a feasibility study of the Nereidas Valley geothermal project in central Colombia's Caldas department during the fourth quarter.
"Once we begin it will take about 12-14 months to complete the study," Dewhurst geologist Sean Norris told BNamericas.
Colombian state multi-utility EPM is developing the Nereidas Valley project and awarded Dewhurst the contract after being given a grant from the US Trade and Development Agency (USTDA), an agency release said.
The feasibility study includes geologic conceptual modeling, site and infrastructure engineering and the estimation of economic performance and power potential.
If the study is successful the next phase will be exploratory drilling, Norris said.
Earlier this year EPM awarded US energy and telecoms consultancy Brixpo a prefeasibility study on the geothermal project. That study was also funded by USTDA.