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Geothermal plant 'set to secure funding from oil & gas c

 
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raspberry-blower



Joined: 14 Mar 2009
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PostPosted: Tue Jan 18, 2011 1:24 pm    Post subject: Geothermal plant 'set to secure funding from oil & gas c Reply with quote

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The UK's first deep geothermal power plant is on the brink of securing financial backing from the oil and gas industry, moving the planned 10MW project one step closer to reality.

Speaking to BusinessGreen on the sidelines of an industry event yesterday, Ryan Law, managing director of Geothermal Engineering, said the firm has been holding extensive meetings with an unnamed potential investor from the oil and gas sector for its proposed 40m geothermal plant in Redruth, Cornwall.


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