Panax Geothermal Ltd provides attractive benefits and career support for its employees to ensure it attracts and retains the best talent.
If you are interested in joining the team at Panax Geothermal, please review the vacancies currently identified on this website and then contact Mr Kerry Parker, Executive Director, by email at kparker@panaxgeothermal.com.au. |
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ABOUT PANAX GEOTHERMAL LTD
Panax Geothermal Ltd is seeking to become a leading geothermal energy company, supplying competitive zero carbon energy and base load power to the Australian and international markets.
The long term vision of Panax is to become a major participant in the geothermal industry, both nationally and internationally. The scope of its geothermal interests will be broad, including both conventional geothermal resources (volcanic related) as well as enhanced geothermal systems (EGS) such as hot fractured rock (HFR) geothermal systems. Panax’s key asset is the advanced and ready to drill-test Limestone Coast Geothermal Project in South Australia, which has an estimated generating potential*) of approximately 1,500 MWe, i.e. the equivalent of two coal fired power stations or enough power for more than one million homes.
The Company will not only focus on clean power generation but will also embrace direct use of geothermal heat for use in e.g. industry, district heating (or cooling), and desalination.
The rationale for focusing on geothermal energy is directly linked to the threat of global warming as caused by CO2 emissions from the continued use of fossil fuels. National and international momentum is building for a ‘climate change pact’ and this foreshadows that clean energy generation is the key to our future.
Geothermal energy is one of the very few sustainable sources of energy which can replace base load power from fossil fuelled power stations. Compared to other sustainable energy options, geothermal resources are still not valued according to their commercial potential for the long term generation of clean base-load power. This is the opportunity which Panax aims to turn to good account.
The Australian Federal Government has recently signed the Kyoto Protocol and has indicated that it will adopt new policies, including the granting of significant financial incentives to foster the development of clean energy. The ‘promised’ introduction of a carbon energy target by 2020 is a step in the right direction. It is hoped that future policies will recognise that the various emerging renewable energy policies do not share the same development time line.
As such, the adoption of long term sub-targets for specific technologies (e.g. geothermal, solar thermal) would foster equal opportunities across the various technology options, thereby avoiding advantaging established technologies such as wind. It is expected that details of the new policies will become clearer following the release of the draft ‘Garnaut’ report due in June 2008. |
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