Pacific Energy Limited (PEA) is pleased to announce that the Company has signed a new 3 year electricity supply agreement with Saracen Gold Mines Pty Limited for the commissioning and operation of the 10MW power station located at the Carosue Dam gold mine. The Carosue Dam gold mine is located approximately 90km NE of Kalgoorlie, Western Australia. The deal provides for the restart of the existing Carosue Dam power station purchased by Pacific Energy as part of the acquisition of the Kalgoorlie Power Systems business (KPS) earlier in 2009. The cost of re-establishing power station operation will be minimal with commissioning scheduled for December 2009. Pacific Energy is also progressing contract negotiations for the supply of electricity to various other mining projects which are expected to be signed in 2009.
Pacific Energy’s Managing Director, Mr Adam Boyd said: “The signing of this new 3 year contract to supply electricity to Saracen’s Carosue Dam gold mine increases Pacific Energy’s total contracted capacity to 117MW at 12 remote mines sites around Australia. We continue to be encouraged by the breadth of opportunity to grow the KPS core business model of providing build, own and maintain remote power stations.”
Tags: Electricity Generation, New contract, Pacific Energy, PEA
