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. |
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