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It is hard to imagine how mega bucks could be made from mining hot water.

Imagine the cost of converting a plant like Hazlewood. Still, what with Mr Rudd throwing his hat into the ring in Bali, Government funds might help to get an idea such as Greenearh's off the ground.

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http://www.sharescene.com/html/sharesceneradio-logo.jpg

Recent ShareScene.com Radio Broadcast (27/06/2008 16:00:00):

GER - Company Update and Geothermal Energy Discussion - Mr Simon Molesworth, Chairman

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

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Depending on funding the GGPP 12MW pilot plant should be online by 2013 and ramping up to full field capacity of 140MW within 5 years. Initial coat of power will be $125 per MW and life of resource is minimum 30 years. Results of grants should be known by early next year.
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Grants received from State & Federal Govt's.

 

see ASX ANNOUNCEMENT AND MEDIA RELEASE, 14 December 2009

 

This Australian Government funding for Greenearth Energy's flagship Victorian Geelong

Geothermal Power Project (GGPP) Stage 1 Proof-of-Concept, comes only a week after the

Victorian Government, under the Energy Technology Innovation Strategy (ETIS) for large

scale, pre-commercial, sustainable energy demonstration projects, awarded Greenearth

Energy $5 million for the Stage 1 Proof-of-Concept and, upon successful completion of

Stage 1, a further $20 million for the Stage 2, 12MWe geothermal demonstration power plant.

Greenearth Energy's Geelong Geothermal Power Project Stage 1 Proof-of-Concept is in a

unique position, being supported by both State and Federal funding totalling $12 million.

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