GRK 0.00% 0.2¢ green rock energy limited

7m from gov, page-5

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    Green Rock Energy has applied for a $7 million
    grant for its Perth Urban Geothermal Energy
    Project under the Federal Government’s
    Geothermal Drilling Program.

    Page 11 2009 annual report.

    This Project is located within Permit GEP
    1 which is held jointly by Green Rock Energy
    and UWA and covers 143 km2 of the Perth
    Metropolitan Area, including UWA’s Crawley
    Campus. It is designed to replace a significant
    portion of the UWA’s Crawley Campus’
    electricity powered compression chillers (that
    produce cold water for air-conditioning) with
    geothermal powered absorption chillers.

    From page 8.

    The GDP has been set up by the Commonwealth Government to assist companies to develop geothermal energy by supporting proof-of-concept projects. The GDP is a competitive merit based program provided as a dollar-for-dollar subsidy, capped at $7 million per proof-of-concept project.

    17 August 2009 ASX Announcement

    7m to GRK with a cap raising to meet the dollar for dollar requirement.
 
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