Hot Rock, Andes Power to Explore Geothermal Potential in Andes

Hot Rock Ltd. (HRL) of Australia and Andes Power, a group of investors from Europe and the Caribbean, received authorization to explore Peru for geothermal potential, the Andean nation’s government said.

The two companies will have 24 months to drill in the southern Andes, Peru’s Energy & Mines Ministry said today in an e-mailed statement.

To contact the reporter on this story: Alexander Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Alexander Emery at aemery1@bloomberg.net

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