The Project

The 6-month assignment included an initial red flag report highlighting all significant project risks from a high level review, and then a second phase where a detailed due diligence was undertaken.

Our Role

• Red flag assessment of all significant project risks and recommended mitigation
• Resource geoscientific review including stored heat and size (MW) assessments for each resource.
• Well assessments including future make up well and work over requirements and cost projections.
• Steam field and power plant condition assessment.
• Power plant performance review, both historical and projected.
• Historical and projected CAPEX and OPEX 
• Preparation of all technical and cost information for input into the financial model.

Results

MIRA were successful in gaining a significant shareholding in EDC.

Capabilities

Disciplines:
process design, mechanical engineering, electrical engineering, civil and structural engineering, control and instrumentation

Role:
due diligence studies

Resource:
capital and operating costs estimation

Advice:
asset evaluation and valuation, plant condition and performance assessment, project and corporate risk