PETRATHERM LTD
Wind No Answer To Geothermal Energy
PTR - Company Update - Mr Terry Kallis, Managing Director
Mon, 18 Aug 2008 05:30PM
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Mr Terry Kallis
Mon, 18 Aug 2008
05:30PM Australia/NSW
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PETRATHERM LTD (PTR)
ASX code: PTR
Website:
Industry: Energy
Principal Activities:
Exploration for sources of geothermal energy.
Address:
, , 105-106 Greenhill Road,
UNLEY
SA
Phone: (08) 8274 5000
Fax: (08) 8272 8141
Executives & Directors
Mr Derek Carter , Chairman
Mr Terry Kallis , Managing Director
Mr Richard Bonython , Non Exec. Director
Mr Richard Hillis , Non Exec. Director
Mr Simon O'Loughlin , Non Exec. Director
Mr Donald Stephens , Company Secretary
Company Podcasts
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
PETRATHERM LTD (PTR) Events
Australia/NSW
PETRATHERM LTD (PTR)
| Appendix 3B | Wed, 1 Jul 2009 |
| BPT: Weekly Drilling Report | Wed, 1 Jul 2009 |
| Drilling begins at Paralana | Tue, 30 Jun 2009 |
| Media Release - Drilling starts at Paralana | Tue, 30 Jun 2009 |
| Change of Director`s Interest Notice | Wed, 24 Jun 2009 |
| BPT: Weekly Drilling Report | Wed, 24 Jun 2009 |
| $7M GDP Grant Funding Agreement - Update | Wed, 24 Jun 2009 |
| BPT: Weekly Drilling Report | Wed, 17 Jun 2009 |
| Paralana Joint Venture Project Update - Drilling Preparation | Wed, 17 Jun 2009 |
| Drilling Grant Funding Agreement Signed | Mon, 15 Jun 2009 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH MR. TERRY KALLIS, MANAGING DIRECTOR, PETRATHERM LIMITED (PTR)
“Wind No Answer to Geothermal Energy”
http://www.brr.com.au/event/49535
MONDAY, AUGUST 18, 2008, 5:30 PM
BRR Good afternoon and welcome to Boardroom Radio. Today, we are speaking with Mr. Terry Kallis, managing director of Petratherm Limited. Thank you
10 very much for joining us today, Terry.
PTR Pleasure.
BRR Terry, we see in the announcement you've released today that you'll be giving a company update at the Australian Geothermal Energy Conference. Could
15 you give us an update of what's involved and what you’ll be covering at this conference.
PTR Sure. Maybe firstly, just to explain that we have the major Geothermal Energy Conference beginning the afternoon in Australia this weekend in Melbourne and this event's being put together by the Australian Geothermal Energy
20 Association together with the Australian Geothermal Energy Group and there will be a number if international and national speakers there and should be quite an exciting time for the geothermal sector to basically provide an update on where we're heading and what we're doing, in particula, as companies.
25 BRR Terry, also presenting at the conference will be your Spanish manager, Mr. Raul Hidalgo. Why has he made the journey down?
PTR Yes, it’s because it's an international conference. What a lot of people aren't aware is that Australia has a spotlight on it. There's a lot of people interested from around the world. We've got people coming from the US, parts of
30 Europe, Germany, France, Spain, the UK, Iceland and other parts of the world. Raul will be here to talk about our main project over in Spain, in Madrid, on our geothermal district heating project,
BRR Just lastly, Terry, we also see an interesting analysis that you've done for the
35 Paralana Geothermal Energy Project and also wind energy, did you want to give us some details on this.
PTR Sure, I suppose, first you might just say for our listeners out there that prior to joining Petratherm, I was involved with wind farm development and sector project managed to successful completion of our first wind farm project here
40 in South Australia, Starfish Hill, so I do understand quite a bit about wind farm economics. Effectively, what we're showing in the presentation is as you look at the key stages of the Paralana Project as it builds to 30 megawatts and as disclosed for, I think, for the first time amongst the geothermal fraternity, the costs in getting to there including the cost of connection. For the Paralana
45 Project, basically, produce 30 megawatts of power at a cost of somewhere between $190 and 200 million. That's an all out cost, includes all the drilling, all the power generation, all the transmission costs and that produces about 250 gigawatt hours per annum, but it runs baseload 24/7. For an equivalent wind farm project, it has a capacity of 30 megawatts. It actually produces only about 87 gigawatt hours instead of 250 because, basically, the wind is on for about a third of the time so they have a low what we call a capacity factor of about 33% which is about a third of what we would produce in a baseload 30 megawatt equivalent geothermal power station. When you look at that and
5 you start looking at what the costs are for each of these sort of projects, you soon work out that, you know, 30 megawatts when you take away the transmission costs for the Paralana Project, you're left with about $180 million, works at about $6 million per megawatt installed. To compare that with a wind project, a 30-megawatt wind project, basically it'll cost you $2
10 million a megawatt installed but it's only producing a third of the power. So in order to produce the same output, the same 250 gigawatt hours, you would need a 90 megawatt plant, a 90 megawatt for wind at $2 million a megawatt, about $190 million again. So, they're quite comparable and in our case, because we have a very close connection distance to overcome, only 10
15 kilometers away, and when you couple that with a (inaudible) (00:04:07) we start to see and understand the very strong economics that the Paralana Project has. As they say, we're comparable to wind, out right way, and even better in the sense that it's off grid.
20 BRR Terry, some interesting insight there. We thank you for your time today, we look forward to speaking to you soon.
PTR Thank you very much.
BRR That was Mr. Terry Kallis, managing director of Petratherm Limited. If you
25 have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@bb.com.au. I'm Eddie (inaudible) (00:04:40), thank you for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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