RENEWABLE ENERGY

Paralana JV applying for geothermal grant

PETRATHERM and its partners in the Paralana joint venture have applied for a $7 million grant from the federal government's Geothermal Drilling Program.

The JV said it has been advised that it is eligible to apply for funding under the program. If successful it will receive the funds prior to the drilling of its Paralana-2 deep well in May 2009. ...

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