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Old 08-12-2009, 02:31 AM
Sparty Sparty is offline
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Default Petratherm Gets Spanish Govt. Support for Hot Rock Energy Geothermal Project

ASX listed Petratherm ASX: PTR is kicking goal after goal and seems to be set on a HOT future. They have recently recieved Australian Govt. support for their Paralana project that is tipped to be Australia's first commercially viable Hot Rock Energy project and now they have been given a huge thumbs up by the Spanish Govt.

Under the agreement, Petratherm and the Spanish Federal and Madrid local government will form a committee to expedite the financial close for the project, which seeks to provide 8 megawatts of district heating in the Madrid region.

 

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