Geodynamics misses out on first round of grants
11:27, Monday, 30 October 2006
Sydney - Monday - October 30: (RWE Australian Business News) -
Geodynamics (GDY) reports the Federal Government is progressively making
announcements concerning the first round of grants under its $500m Low
Emission Technology Demonstration Fund (LETDF).
Geodynamics has been advised that its proposal for support of
its Stage Three 40MW demonstration power station, (HotRock40), is not
included in the first round of grants.
The Company's proposal, although of the highest technical
standard and merit, was considered to be premature at this point.
It readily met the Government's guidelines.
ENDS
no gov money yet, page-2
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