News
Sep 24, 2008Australia: Government to Provide $50M for Drilling
Great news from Australia! This article is from the GEA Weekly Update August 26th, 2008, which is provided to all members.
Australia: Government to Provide $50M for Drilling
Australia’s Minister for Resources and Energy, Martin Ferguson, has announced a $50 million Geothermal Drilling Program, according to abc.net. The grants will fund drilling of geothermal wells.
“The industry indicated . . . what they want to prove is a couple of successful opportunities and then hope that one of those investors is able to take it to a commercial demonstration plant which then will encourage the private sector to further invest in the industry,” Ferguson told ABC.
Visit: http://www.abc.net.au/news/stories/2008/08/20/2340898.htm?section=justin
