$157m power gold mine power contract awarded

Zenith Energy and Dacian Gold have executed a Power Purchase Agreement (PPA) to build, own and operate (BOO) a the power station at Dacian’s Mt Morgans Gold Project, located 20km west of Laverton in WA.  The agreement will deliver 18MW of electricity from a combination of gas-fired and diesel-fired generating engines, at a Goldfields mining construction project.

PPA term of eight years, commencing March 2018 Grows Zenith Energy’s BOO capacity from circa 95MW to more than 110MW.

Zenith will construct the power station to service the power needs of Dacian’s Mt Morgans Gold Project, located 20km west of Laverton.

The company will supply, install and utilise gas-fuelled generators, providing the Mt Morgans Project with cost-efficient and clean power generation into the future.

The PPA will have a supply commencement date of 7 March 2018, and an initial eight-year term, with Mt Morgans having the option to extend for a further time of three years.