Australian taxpayers have a miniscule win as Paralana geothermal project in outback SA is shelved

Our ABC reports – Petratherm shelves Paralana geothermal project in outback SA – apparently due to a lack of funds. “The Paralana project had secured $24.5 million as a Renewable Energy Development Program grant but could not raise another $5 million needed.”

Does anybody know why Petratherm could not raise a paltry $5mill to get their seven-megawatt geothermal electricity generator running? PTR ASX reports here.

2 comments to Australian taxpayers have a miniscule win as Paralana geothermal project in outback SA is shelved

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