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ASX AND
MEDIA ANNOUNCEMENT
14 May
2008
ELS 73 2008
AVIVA
WELCOMES MID WEST ENERGY INFRASTRUCTURE INVESTMENT
Aviva Corporation (ASX:AVA, BSE:Aviva)
has welcomed the State Government’s Budget commitment to build a
$295million 330kV transmission line between Perth and Geraldton.
Aviva’s Chief Executive Officer Lindsay
Reed said the Coolimba power
station will enhance the capacity of the new transmission line to provide much
needed extra power to both the local region and the SWIS network.
Aviva is currently developing the Coolimba
Power Project, a $1billion investment based on a 400MW coal fired power station
20km south of Eneabba, which will be key to unlocking
the considerable economic potential of the Mid West region by powering local
development.
“New generation in the Mid West, like the Coolimba
Power Project, maximizes the long-term value of the 330 kV transmission line
investment,” Mr Reed said.
The Mid West region of WA is
experiencing rapid growth. It is estimated that there are $6.5billion
worth of projects under development in the region – all these projects
need power.
“Coolimba will add value to the 330kV
investment by providing much needed base load energy for local resource
projects and providing balance for the whole SWIS network.” Mr Reed said.
“Coolimba will set Eneabba
up as an energy hub in the Mid West, balancing Collie in the State’s
South West and Kwinana in the metropolitan
area.”
Development of the North
Perth Coal
Basin for base load power
was the number one recommendation of the Energy for Minerals Development in
the South West Coastal Region of WA Study, citing local generation of power
as critical to the development of iron ore processing initiatives in the Mid
West.
Mr Reed said Coolimba will provide a competitive source of power for the
State, and would incorporate world leading technology for reducing emissions of
carbon, nitrous oxides, and sulphur.
“We expect Coolimba to contribute at
least 600 jobs during construction, and in the long term, it will host 100
permanent jobs for locally housed employees when commercial operation commences
in 2012.”
For further information contact:
Lindsay
Reed
Aviva
Chief Executive
Officer
Tel: +61 (0) 8 9367
2344
Issued by:
Warrick Hazeldine
Purple Communications
Tel: +61 (0) 8 9485
1254 Mob: 0417 981 507 or 0417 944 616
ABOUT AVIVA
Aviva is listed on the
Australian Stock Exchange and the Botswana Stock Exchange with its head office
in Perth. The
company is growing a portfolio of energy assets. Aviva’s most advanced
asset is the Coolimba Power Project in Western Australia.
Aviva is earning a 90%
interest in the Mmamantswe project in Botswana,
where it is has outlined a 1.3 billion tonne coal
resource. The project is well positioned, being on the South African border and
adjacent to key infrastructure including, highway, railway, and high voltage
transmission lines.
ABOUT COOLIMBA
The Coolimba
Power Project is based on based on a 400MW base load power station near Eneabba, in the Mid West region of WA. The project is
ideally located in the northern half of the SWIS power grid to take advantage
of demand growth both in the SWIS and from new resource projects in the Mid
West Region. The location has the advantage of low cost fuel, available water,
adjacent infrastructure, existing mining lease and freehold land. Coolimba Power will also incorporate the latest carbon
capture technology. The project name is derived from the coastal region west of
Eneabba, which is known as the Coolimba
coast. Coolimba is an Aboriginal word which is said
to mean “place by water”.
Please visit: www.avivacorp.com.au and www.coolimbapower.com.au
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