Adelaide Advertiser
Tuesday 24/2/2009 Page: 40
Panax Geothermal has announced enough energy in its Limestone Coast geothermal project in South Australia to power more than 500,000 homes with electricity. The hot dry rocks project has 11,000 petajoules of measured resource, more than five times larger than those announced by Australian geothermal companies.
Managing director Bertus de Graaf said the measured resource, in theory, was large enough to operate a 1000MW power station for 30 years, or sufficient energy to power more than 500,000 homes. geothermal.com.au/" target="_blank">Panax geothermal is scheduled to start drilling its first production well, Salamander 1, about June this year. Its Limestone Coast geothermal project near Mt Gambier covers 3127sq km, with the National Electricity Market Management Company power grid traversing the entire project area.
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