Adelaide Advertiser
Tuesday 20/1/2009 Page: 29
GeoDynamics is looking at a range of options to fund its $300m, 50 MW Cooper Basin power station, including applying for an $80 million-$90 million Federal Government renewable energy grant. With 30% farming partner Origin Energy, the hot rocks explorer will decide at the end of the year on how to raise the remaining funds. The company has a number of strong cornerstone investors and was not looking for any joint venture opportunities to raise the funds managing director Gerry Grove-White said. "We have a substantial equity base at the moment, and we'll know the quantum of capital to be raised only by the end of the year," he added. "We hope to be successful in getting the federal grant."
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