The Canadian Geothermal Energy Association

December 11, 2009 09:00 ET

2009 CanGEA Investment Workshop & Networking Reception: Tremendous Success

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2009) - The Canadian Geothermal Energy Association (CanGEA) would like to thank the speakers and attendees who attended the 2009 CanGEA Investment Workshop & Networking Reception, December 3rd, 2009, in Calgary, Alberta, Canada. CanGEA considers the event a tremendous success having nearly 60 people attend the Workshop and Reception.

The 2009 CanGEA Investment Workshop & Networking Reception aimed to bring together investors, financiers and key stakeholders in the geothermal power industry to explore the wealth of opportunity in this emerging renewable energy sector. With an estimated potential of over 5,000 MW, from traditional development methods alone, geothermal power's significance in Canada's energy portfolio continues to grow. Geothermal energy in Canada represents an investment potential of nearly $20 billion.

Attendees were able to learn geothermal basics from CanGEA experts, explore prominent geothermal projects from industry leaders and understand geothermal development from a distinguished legal, finance and utilities panel. The Workshop also provided attendees with an overview of the Canadian Geothermal Reserves and Reporting Code aimed at improving investor confidence in the geothermal energy industry through the establishment of key metrics for geothermal value. The keynote speaker for the event was Dr. Michal Moore, co-author of the M.I.T. report "The Future of Geothermal Energy".

Alison Thompson, CanGEA's Chair and Founder, welcomed the news that the geothermal industry in Canada is finally on its way to 5,000 MW by 2015, as indicated by the conference updates on projects in Alberta, the Yukon, and the announcement about the upcoming British Columbia geothermal permit sale in 2010.

Notable attendees included: Magma Energy Corp., Sierra Geothermal Power Corp., Borealis GeoPower Inc., Enbridge Inc., Borden Ladner Gervais LLP, and more.

CanGEA expects to announce their 2010 Event, Workshop & Reception Calendar soon with prospective events being held in Calgary, Vancouver, Toronto and Ottawa. For those interested in any future CanGEA events please visit www.cangea.ca or contact brian@cangea.ca.

CanGEA would also like to thank Workshop sponsors Chevron Corp. and Dundee Securities Corp.

About CanGEA

CanGEA is a national, not-for-profit association that works on behalf of our members to facilitate and promote the responsible and sustainable growth of high temperature geothermal energy in Canada, which, we believe, can provide competitive, emissions free, renewable, base-load energy to Canadians and export markets.

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