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Newsflash

Two substantial grants have been awarded to geothermal companies from the Federal Government’s Renewable Energy Demonstration Program (REDP) fund. The first was $90 million awarded to Geodynamics Ltd. The grant is to support the construction and commissioning of a 25MWe geothermal power plant planned by GDY in the Cooper Basin by late 2013. The second was for $62.762 million to Petratherm Ltd and Paralana JV partners, to apply to the construction and commissioning of a 30 MWe geothermal power plant.
 

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