Friday, August 22, 2008

$50 MILL GEOTHERMAL DRILLING PROGRAM LAUNCHED
Source: Australia. Minister for Resources and Energy. Media Release
"The Minister for Resources and Energy, the Hon Martin Ferguson AM MP, has launched the $50 million Geothermal Drilling Program and told the Australian Geothermal Energy Conference the industry has a significant role to play in securing Australia's energy future.

The Geothermal Drilling Program will provide grants of up to $7 million on a matching funding basis to support the high cost of drilling deep geothermal wells and help finance proof-of-concept projects."

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