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  • Tata Power Pitches In For Geothermal Energy
    12:54:06 pm on September 12, 2008 | 2 | # |
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    Australian hot rocks now have an Indian hand on them.India based , Tata Power has been allotted 11% of Australian based  Geodynamics , estimated to be nearly 40 million.Geodynamics managing director Gerry Grove-White says that the deal is to build a formidable financial position for making future investment decisions and also serve as a platform for sharing technical knowledge and exploring opportunities outside Australia.Seems that Geodynamics is looking for some action the $US4.2 billion 4000MW "   ultra mega power project   " in the state of Gujarat in India.

    Geodynamics is currently drilling its third deep geothermal energy well near Innamincka in the Cooper Basin in far north South Australia. The company has also conducted flow tests between its first two wells, thus advancing a step ahead in proving the concept of engineered geothermal energy production.

     

  • Hot Rocks For Energy
    12:07:32 pm on August 22, 2008 | 0 | # |
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    An Australian Geothermal Energy Association predicts a potential output of 2200MW of power by 2020 from geothermal energy. Geoscience Australia has further mapped Australian geothermal energy using data from decades of drilling and exploration.Says Anthony Budd of Geoscience “  One percent of reserves would produce 26,000 years of energy supplies  “

    Australia is worlds leading coal exporter and nearly 77 % of its electricity requirement is obtained by coal based power. 2200 MW is nearly 40 % of Australian renewable energy target of 2020 .No doubt the investment required for tapping geothermal reserves would be significant .However this investment makes sense as it would achieve the twin requirements of providing energy sufficiency for Australia in addition of addressing the challenge of climate change and global warming .