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good news - to build new 32 megawatt , page-3

  1. 635 Posts.
    full ann. re: good news - to build new 32 megawatt ENERGY DEVELOPMENTS LIMITED 2003-06-05 ASX-SIGNAL-G
    HOMEX - Brisbane
    Energy Developments ('ENE') has today signed a Memorandum of
    Understanding with Anglo Coal for the development of a nominal 32
    megawatt waste coal seam methane (WCSM) power plant at the German
    Creek Coal Mine approximately 800 kilometres north west of Brisbane.

    The project will utilise ENE's well proven modular Caterpillar spark
    ignition generator sets similar to the company's 96 MW Appin and
    Tower CSM power plants in New South Wales.

    ENE was awarded funding of up to $15.47 million in 2001 under the
    Federal Government's Greenhouse Gas Abatement (GGAP) programme for an
    11 MW project at German Creek that was to use ENE's innovative
    carburetted gas turbine (CGT) technology. The company has submitted
    details regarding the benefits of switching to conventional WCSM
    technology to the Government for consideration and approval. This
    revised project, based on conventional technology, offers a
    significant increase in power generated and results in greenhouse gas
    abatement equivalent to 1.2 million tonnes of CO2 annually.

    Once the documentation phase is complete the WCSM power plant is
    expected to be constructed over the following year with full
    commercial operation scheduled for late calendar 2004.

    Together with the Cannington 12 MW expansion project that ENE is
    currently constructing the project will add a total of 44 megawatts
    of new capacity to ENE's remote power Australian portfolio which
    currently stands at 102 MW.

    On 30 May ENE also announced that it had been named as one of two
    joint preferred bidders to supply Western Power's electricity
    requirements in the West Kimberley region of Australia for the next
    20 years. Western Power expects to award sole bidder status to the
    successful bidder in August 2003.

    For additional information contact:

    Chris Laurie, MANAGING DIRECTOR on +61 7 3275 5650
    Greg Pritchard, FINANCE DIRECTOR on +61 7 3275 5650

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