Chief Operating Officer of Reh-Kjavik Geothermal Company in Iceland, Gunnar Gunnarrsson has expressed confidence that the investment in Geo-Thermal Exploration here will yield good returns.
Speaking at the launch of the Testing Phase of this country’s National Geothermal Project last week, Mr. Gunnarrsson however noted that contracts must be established to attract investors and lenders.
He said these contracts must be in place before the company starts to spend money in drilling and building a power plant.
Mr. Gunnarrsson said the most significant benefit to be derived from the Geo Thermal Project is that the country would be producing its own energy.
The Testing Phase of the National Geothermal Project was launched on Friday November 1st 2013.