News

Australian Conventional Geothermal Development Alliance seeking expressions of interest

Mid West and Great Artesian Basin Geothermal Power Projects in Australia (source: Activated Logic)
Alexander Richter 14 Feb 2012

Australian Conventional Geothermal Development Alliance is seeking expressions of interest in joining in drilling appraisal and production wells at joint geothermal projects by Green Rock Energy and Pacific Hydro in South and Western Australia.

The Australian Conventional Geothermal Development Alliance (ACGDA) is currently seeking Expressions of Interest from suitably qualified parties interested in joining the alliance partners in drilling appraisal and production wells at either or both of the geothermal projects during 2012.

If the geothermal resource is proven, the partners plan to commence the preparation of a front-end engineering design (FEED) for an initial 25-50 MWe binary geothermal development and if feasible, commence power plant construction.

This opportunity may potentially be suitable for existing power producers (IPP’s), drilling companies wishing to vertically integrate their activities, resource companies interested in hedging their exposure to future carbon policies, or equity investors interested in gaining exposure to the Australian renewable energy sector.

The projects

The Mid West and Great Artesian Basin Geothermal Power Projects are located in two large geological basins, the North Perth and the Great Artesian basins respectively. These basins have been demonstrated to contain significant reserves of hot geothermal fluids over an extensive area and have been successfully exploited in the Great Artesian Basin by an operating geothermal power plant in South West Queensland, since the 1990’s.

The Mid West Geothermal Power Project (MW-GPP) involves the appraisal and development of conventional geothermal resources in close proximity to transmission infrastructure in the Mid West region of Western Australia.

  • Independent geothermal resource assessment available for MW-GPP
  • Extensive reservoir information obtained from regional petroleum activity

The Great Artesian Basin Geothermal Power Project (GAB-GPP) involves the appraisal and development of conventional geothermal resources from the extensive and highly prospective Great Artesian Basin in the North East of South Australia.

  • Regionally extensive and relatively shallow geothermal resource
  • Operating geothermal plant less than 50km from GAB-GPP

For additional details on the project and how to submit an expression of interest visit the website of the “Australian Conventional Geothermal Development Alliance

Disclaimer

Information related to the investment opportunity provided above is for general information purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products and should not be relied on for any specific purpose under any circumstances.