WAS 0.00% 0.4¢ wasabi energy limited

Ann: Wasabi acquires geothermal power plant , page-8

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    "The power station in H?sav?k is the first in the world to produce geothermal energy with Kalina technology which produces electricity from low-heat geothermal areas, on which Wasabi Energy holds a patent.

    However, resilient failures have made the power station?s operations difficult ever since it was launched in 2000. It hasn?t produced any energy since January 2008.

    J?nsd?ttir said Global Geothermal is interested that energy production is re-launched at the OH power station and will therefore provided its subsidiary with a review of its equipment and conduct repairs to make it fully operational again.

    She explained that it isn?t good for Global Geothermal?s image that the station isn?t producing any electricity."

    http://www.icelandreview.com/icelandreview/daily_news/?cat_id=40743&ew_0_a_id=372424

    Herald Sun story here and even a mention of Bjork. She is probably much more 'newsworthy' here in Australia than geothermal energy in Iceland, LOL.

    http://www.heraldsun.com.au/ipad/wasabi-buys-geothermal-plant/story-fn6bn4mv-1225985328083
 
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