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The privately held company announced Feb. 6 that procurement and engineering work has already begun on the 25-megawatt power facility in southeast Saskatchewan, close to the U.S. border, which will be built in two phases — supported in part by a five-megawatt power purchase agreement with SaskPower.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
Construction and drilling will begin in the fourth quarter of this year, with the first electricity production expected by the summer of 2024. The facility is estimated to be capable of producing enough power for 25,000 households once it is complete.Article content DEEP Earth’s project will use oilfield-honed drilling techniques, with wells drilled to a depth of about 3.5 kilometres and horizontally for an additional three kilometres. Similar well designs are routinely used in the oil and gas sector, but application of these techniques to renewables is relatively new, the company said.
“Wells with equivalent depth, lateral length and step out are routinely drilled in the hydrocarbon resource plays of the Western Canadian Sedimentary Basin and DEEP will be leveraging this local knowledge and drilling capability,” it said.
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