Pacific Energy Limited (PEA) is pleased to announce that the Company’s wholly owned subsidiary, Pacific Energy (KPS) Pty Limited has signed a new electricity supply contract with Navigator Resources Limited to acquire, refurbish and maintain the existing Bronzewing Gold Project Power Station. The new electricity supply contract has a term of 5 years and is the largest new capacity contract signed since the acquisition of KPS. The Bronzewing Gold Project is located approximately 800km NE of Perth, WA and has a current mine life of 5 years. Pacific Energy continues to progress a number of other contract negotiations for the supply of electricity to various mining and other resource projects which are expected to be signed in the coming months.
Pacific Energy’s Managing Director, Mr Adam Boyd said: “This new power station contract is the largest KPS has secured since Pacific Energy acquired the KPS business in 2009. The continued appeal of the business’ industry benchmark energy solutions to the resources sector is great validation of the Pacific Energy strategy to pursue the growth of the KPS business. “This five year contract to supply electricity to the Bronzewing Gold Project increases Pacific Energy’s total KPS contracted capacity to in excess of 130MW at 15 mine sites around Australia and reflects the resurgence of the resources sector in Western Australia. The opportunities to grow KPS are extensive and the organic expansion of the KPS business to the east coast of Australia has now become a key focus of the Company,” he said.
Pacific Energy Limited (PEA) is a power generation project developer and owner. Kalgoorlie Power Systems, a wholly owned subsidiary of Pacific Energy Limited, is a leading provider of power generation infrastructure to the mining/resources sector in Australia. The business operates a build, own, maintain power station development model with in excess of 130MW of contracted capacity at 15 mine sites across Australia. SpiritWest Bioenergy, a wholly owned subsidiary of Pacific Energy Limited, is developing a “grid connected” 30MW biomass fuelled renewable energy power station to be located approximately 35 kilometres north of Perth, Western Australia .
www.pacificenergy.com.au
