www.abc.net.au
Fri Aug 7, 2009
South Australia's latest hot rocks energy project has been officially launched near Arkaroola in the state's upper north. It marks the start of drilling on the Paralana Project, operated by Petratherm. The company aims to use geothermal energy to provide power to about 300,000 homes by 2018. The managing director, Terry Kallis, says he has high ambitions for the renewable energy source. "We see that our particular technology has the highest probability of being the lowest cost form of renewable full stop, and probably within the next 30 years be able to compete belly to belly with coal production," he said.
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