WGP Western Geopower Corp Com Npv

Western GeoPower Corp. (TSX VENTURE:WGP) (FRANKFURT:WE6), a renewable energy
company, today announced the achievement of two major regulatory milestones for
the Western GeoPower Unit 1 project at The Geysers geothermal field in
California, with the receipt of approvals for both the Environmental Document
and the Conditional Use Permit.


The unanimous approvals were granted during a public hearing by the Sonoma
County Board of Zoning Adjustments for the construction and development of a
38.5 Megawatt (gross) geothermal power plant, wellfield and steam gathering
system at the Company's leasehold at The Geysers. Sonoma County is the Lead
Agency under the California Environmental Quality Act for projects of under 50
Megawatts capacity being developed within the county.


"This is the first geothermal power plant to be permitted at The Geysers
Geothermal Field in 21 years," said Sigrid Swedenborg, Sonoma County Land Use
Planner for the project. "It is an exciting project for Sonoma County and meets
our General Plan policies to promote renewable energy generation systems."


The power will be purchased, pursuant to a previously announced power purchase
agreement, by the Northern California Power Agency, a non-profit joint powers
agency that provides electricity generated from environmentally responsible
sources to its member communities in Northern and Central California. The power
will also help California reach the Renewable Portfolio Standard of supplying
20% of the State's power from renewable energy sources by 2010.


About Western GeoPower Corp.

Western GeoPower Corp. is a renewable energy company dedicated to the
development of geothermal energy projects for the delivery of clean,
sustainable, baseload electricity generation. The Company is developing The
Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field
in Sonoma County, California, United States; the South Brawley geothermal
project in Imperial County, California, United States; and the South Meager
geothermal project in British Columbia, Canada.


On behalf of the Board of Western GeoPower Corp
 
Kenneth MacLeod, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release contain forward-looking information
within the meaning of applicable securities laws in Canada ("forward-looking
information"). The words "anticipates", "believes", "budgets", "could",
"estimates", "expects", "forecasts", "intends", "may", "might", "plans",
"projects", "schedule", "should", "will", "would" and similar expressions are
often intended to identify forward-looking information, although not all
forward-looking information contains these identifying words.


The forward-looking information in this press release includes, but is not
limited to: the power will be purchased, pursuant to a previously announced
power purchase agreement, by the Northern California Power Agency, a non-profit
joint powers agency that provides electricity generated from environmentally
responsible sources to its member communities in Northern and Central
California.


The forecasts and projections that make up the forward-looking information are
based on assumptions which include, but are not limited to: the Company is not
subjected to any material adverse events normally associated with exploration,
development and production of natural resources; the Company is not subjected to
additional governmental regulation and that political attitudes towards
geothermal production does not change; the Company is able to remain in
compliance with its debt obligations; the Company's resource estimates are
accurate; the Company's insurance is adequate and that it does not incur any
material uninsured liability; the Company is able to comply with environmental
regulations; the Company has access to suitable infrastructure; no title defects
affect the Company's properties; the Company receives necessary permits on
acceptable terms; no material new competition; no significant fluctuation in
currency exchange rates and interest rates; the Company is able to access
additional capital; no material fluctuations in energy prices; continued access
to the Company's key personnel; and, no conflicts of interest arise.


The forward-looking information is subject to risks, uncertainties and other
factors that could cause actual results to differ materially from historical
results or results anticipated by the forward-looking information. The factors
which could cause results to differ from current expectations include, but are
not limited to: risks normally associated with exploration, development and
production of natural resources; risks relating to government regulation; risks
relating to indebtedness; risks relating to the reliability of resource
estimates; no history of geothermal production; insurance and uninsured risks;
environmental risks and hazards; lack of access to required infrastructure; land
title defects; risks relating to obtaining permits on acceptable terms;
competition; fluctuations in currency exchange rates and interest rates; risks
relating to raising additional capital; fluctuations in energy prices; reliance
on key personnel; conflicts of interest; and, other risks described in the
Company's Management Discussion & Analysis and other continuous disclosure
documents.


All forward-looking information in this press release is qualified in its
entirety by this cautionary statement and, except as may be required by law, the
Company undertakes no obligation to revise or update any forward-looking
information as a result of new information, future events or otherwise after the
date hereof.

Western Geopower Corp Com Npv (TSXV:WGP)
Historical Stock Chart
From Jun 2024 to Jul 2024

Western Geopower Corp Com Npv (TSXV:WGP)
Historical Stock Chart
From Jul 2023 to Jul 2024