Re: "The rocks driving the geothermal plant have a temperature of about 242°C."
The pant will not last that long anyhow without serious maintenance. The LP turbines get a serious kicking chemistry wise and need replacing with alarming regularity otherwise they tend to pretty much dissolve. The mass steam flow is relatively low, hence the very small 1MWe output, but as the heat source is free, the economics kind of work so long as the drillings stay open long enough to keep the flow of water/steam going long enough to justify the initial capital expense (they tend to fur-up, a bit like your kettle at home).
Seismically active areas are better suited for geo-thermal plants due to the depth of holes required, re. New Zealand, California etc. Australia is not that active as far as I know. Good on 'em though for giving it a bash.