News
Aug 04, 2011Green Rock And Pacific Hydro Sign Binding Agreement To Develop Conventional Geothermal Resources
Green Rock and Pacific Hydro sign binding agreement to develop conventional geothermal resources for power projects. The binding Memorandum of Understanding covers Green Rock’s North Perth Basin permits in the energy-hungry Mid West region of Western Australia and Pacific Hydro’s and Green Rock’s licences in the Great Artesian Basin in South Australia. Initial power projects of at least 25MW are contemplated in both the North Perth Basin and the Great Artesian Basin, leading to hundreds of MW of generation from each Basin over the coming decade. Green Rock and Pacific Hydro will jointly promote the opportunity to upstream investors to farm-in and substantially fund drilling to prove the resources.
For more details click here
