There are 2 things that I like about that article:
1. The new BHP forecast comes a week after the Rudd Government's Garnaut report on greenhouse emissions recommended power generators not be compensated in a carbon trading scheme.
This is good, as geothermal offers the only renewable energy at the moment that is base-load zero emissions.
2. The company says 60MW of the power would be used to run a desalination plant planned for the coast of the Upper Spencer Gulf, and to pump the water 320km north to Olympic Dam.
Where does GRK hold Geothermal tenements for the desalination/distillation of water. That's right, completely surrounding the Upper Spencer Gulf.
The company is still in talks with a JV partner. With carbon trading being introduced I am sure there would be willing participants ready to contribute some funds maybe BHP themselves.
GRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
