Green Rock to develop Australian geothermal exploration permits

Green Rock Energy has entered into an agreement to develop geothermal exploration permits in the North Perth Basin, Western Australia.

The company will be the initial operator of the joint venture with New World Energy, which will focus on identifying a drilling target with the objective of an initial power generation capacity of about 5MW connected to existing power infrastructure.

"Green Rock considers the Mid West Geothermal Power Project a strong contender for state and commonwealth funding towards drilling the first two wells. Working jointly with New World Energy further strengthens our prospects and we look forward to further progress on funding over the next few months," says Green Rock managing director Richard Beresford.