Green Rock Energy has applied for a $7 million grant for its Perth Urban Geothermal Energy Project under the Federal Government’s Geothermal Drilling Program.
Page 11 2009 annual report.
This Project is located within Permit GEP 1 which is held jointly by Green Rock Energy and UWA and covers 143 km2 of the Perth Metropolitan Area, including UWA’s Crawley Campus. It is designed to replace a significant portion of the UWA’s Crawley Campus’ electricity powered compression chillers (that produce cold water for air-conditioning) with geothermal powered absorption chillers.
From page 8.
The GDP has been set up by the Commonwealth Government to assist companies to develop geothermal energy by supporting proof-of-concept projects. The GDP is a competitive merit based program provided as a dollar-for-dollar subsidy, capped at $7 million per proof-of-concept project.
17 August 2009 ASX Announcement
7m to GRK with a cap raising to meet the dollar for dollar requirement.
GRK Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
