GEOTHERMAL ENERGY

Penola gets tick of approval

PANAX Geothermal's Penola project in the Otway Basin has received a boost after an independently reviewed pre-feasibility study confirmed it had the potential to generate base-load power similar to that of gas-fired power plants.

Penola gets tick of approval

The study, reviewed by San Francisco-based consultancy GeothermEx, showed the hot rocks project could generate 1-megawatt hour of power for $A63, which was also highly competitive with other forms of alternative...

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