New World Energy Limited is one of Australia’s leading geothermal exploration and development companies with strategic ground positions close to existing infrastructure in areas of high and growing power demand.
The company is focused on Western Australia where it is the largest geothermal landholder with dominant positions over the most prospective areas in the resources-rich Pilbara and Mid West regions. These regions need large amounts of geothermal energy to meet the huge forecast increases in base-load electricity demand driven by Asia’s hunger for Western Australia’s rich mineral and gas reserves, while enabling Australia to meet its target of 20% renewable energy by 2020.
New World Energy has progressed its Mid West project in the northern Perth Basin to be the most advanced geothermal project for electricity production in Western Australia.
New World Energy is committed to delivering long term economic and social benefit through the generation of clean and environmentally-friendly base-load electricity derived from geothermal resources. As geothermal energy is the most appropriate form of energy for the supply of large amounts of clean and reliable energy it is likely to be the energy source with the greatest long term growth potential in the Australian market.
With a well-credentialed management team New World Energy has developed a clear exploration and development path for its projects that will ensure the most cost effective and shortest lead time to electricity production.