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Additional information
Additional Information
Market: ASX
Sector: Alternative Energy
Epic: GER
News: Latest news
Web Site: Greenearth Energy Ltd
Other Articles: 16-07-201005-07-201001-07-2010

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Saturday September 04, 06:00Serving up support at Babcock

Support services have been among the worst performing sectors over the past month as revenue fears from the government’s austerity measures weigh heavily on the sector.

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Friday September 03, 11:40 Goldcorp snatches Andean Resources in $3.6bn deal, trumping Eldorado`s earlier bid

Both companies are vying for Andean`s Cerro Negro gold project, which is an advanced-stage, high-grade vein system, comprising 215 square kilometers. It currently has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver, while inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Greenearth Energy Ltd

Greenearth Energy Ltd

Greenearth Energy Limited is an Australian Geothermal energy company that aims to explore for and develop geothermal resources.

Greenearth Energy's flagship commercial development opportunity is the Geelong Geothermal Power Project (GGPP). This is a staged project development that lends itself to a multiple modular installation approach over time that will lead, in stages, to the construction of a geothermal power generation capacity in the Geelong area and the delivery of renewable energy into the Victorian energy grid.

On successful proof-of-concept and demonstration stages, the project could displace approx. 1.32m tonnes of CO2 equivalent or 59% of total estimated industrial emissions for the Greater Geelong region

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Monday, July 05, 2010

Greenearth Energy reports on PT. Geo Power Indonesia's production plans

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Greenearth Energy (ASX: GER) has reported that PT. Geo Power Indonesia has signed a non binding Memorandum of Understanding (MoU) with the Cengiz Holding of Turkey to develop a Java based site in Indonesia for the production of geothermal power.

Greenearth Energy's 100% wholly owned subsidiary Greenearth Power Pty Ltd has a 40% interest in PT. Geo Power Indonesia.

The Turkish based Cengiz Holding's operates in numerous fields of business including Construction, Energy, Mining and Tourism. Within the Energy sector, Cengiz Holding has a successful track record in building and operating coal, natural gas and hydroelectric power generation infrastructure.

Greenearth Energy, along with fellow PT. Geo Power Indonesia partners Jakarta based Santini Group and North American based International Investment Resources LLC, "looks forward to working with Cengiz Holding."

Over the next 90 days, Cengiz Holding will complete due diligence before moving to a formal agreement.

Mark Miller, managing director, said Greenearth Energy believes this dynamic group collective have the skills, experience and track record to successfully deliver Geothermal Power development in Indonesia.

The group's Java based site in Indonesia has the potential to deliver several hundred megawatts (MW) of base load, zero emissions Geothermal Power.

Last December Greenearth Energy was awarded both a $7 million grant from the Australian Government and a $25 million grant from the Victorian Government for its vanguard Geelong Geothermal Power Project in Victoria, a project that has the potential of providing emissions-free baseload renewable power.

Greenearth Energy shares rose 5.56% to 9 cents in trading today.

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