Continental Geothermal Energy Project Receives US$ 11.5 Million Grant (News Release - MarketWatch)
Continental Energy Corporation, today announced that the Government Of Malaysia, acting through its Public Private Partnership Unit of the Prime Minister's Department, has awarded a grant of 35 Million Malaysian Ringgit (approximately US$ 11.5 Million) to
Tawau Green Energy Sdn. Bhd. ("TGE").
Continental Energy Corporation owns a 10% stake in TGE.
TGE is developing a geothermal energy resource at a site named Apas Kiri, located in the southern portion of the Malaysian State of Sabah near the city of Tawau. Apas Kiri will be Malaysia's first geothermal energy development. It is expected to come online by early 2015 with a rated net capacity of 30 Megawatts.
