As one of the largest geothermal concession owners in Italy, Gesto Italia owns three geothermal concession areas totaling 168 km2 (41,513 acres), in the Tuscany region, awarded in 2011 and 2012 after securing environmental impact approvals for prospecting. Concessions have been recently extended to 2018/2019. One concession, “Mazzola” is in the vicinity of the Larderello- Travale geothermal field. The remaining concessions, Montenero and Cinigiano, are in the vicinity of the Monte Amiata geothermal field.
The Company has a seasoned management team, including senior level geothermal technicians with development and operational experience in Italy, which has enabled Gesto Italia to specialize in the evaluation of renewable resources, the identification and assessment of renewable projects and in energy planning and strategy development. Gesto Italia has progressed in the prospecting of the concession, identified potential heat resources and has a detailed plan to develop the concessions with small (7 MW gross) geothermal power plants.