Torrens Energy said it was encouraged by the continuing support of the Commonwealth Government for meeting the challenges of deep geothermal drilling, which the GDP aims to support by providing matched grants of up to $7 million per project through to proof-of- concept.
Torrens Energy will press on expeditiously with definition of drill-ready targets at its promising geothermal sites, which are located in proximity to the national electricity grid.
We are confident that our current plans to advance our geothermal projects will give the company a stronger chance of meeting the eligibility criteria for Round 2, executive director John Canaris said.
