Australia:

Koroit Geothermal Plans in Doubt With Licence Review (Warrnambool Standard)

(Courtesy Hot Rock Limited)

The Victoria state government is conducting a statewide review on geothermal energy and will consider whether or not it will scrap a licence for a $30 million geothermal project in Koroit.

Victoria’s fledgling geothermal industry has failed to deliver projects,  prompting a statewide review due to be handed down in a fortnight.

The company behind the Koroit project, Hot Rock Limited (HRL), has axed three of its five projects but has left its south-west plans on the books.

Geothermal companies have been sitting on five-year exploratory licences around Victoria waiting for investors. When the permits expired last year the government extended them by another 12 months while it decided what to do with the troubled sector.

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