PAX 0.00% 1.2¢ panax geothermal limited

Geothermal energy production is a reality.Australia generally...

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    Geothermal energy production is a reality.


    Australia generally needs solve some technical challenges related to the deep bores required.



    Ergon Energy and Queensland government attempting to resolve budget difficulties to enable the upgrading of the geothermal production plant at Birdsville.


    Birdsville not so deep, continues to produce geothermal energy with aging equipment.



    Birdsville operator Ergon Energy planned upgrade the Birdsville Geothermal Generating Capacity.

    Previous Queensland State Government in budget agreed to commit approximately $4.1 million towards establishment of a new geothermal generating plant at Birdsville, with total project cost of $13 million.

    With change of government this funding was deferred.



    Upgrading Birdsville's Geothermal production will be good for geothermal development in Australia as well as Birdsville, as it reminds people we face resolvable technical difficulties.




 
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