ASX AND MEDIA ANNOUNCEMENT
19 June 2008 ELS 76 2008
Integrated energy company Aviva Corporation Limited (ASX:AVA, BSE:AVIVA) today announces it has submitted an Expression of Interest (EOI) for the provision of 1,000MW of baseload power production to Eskom, the South African state power utility.
On the 5 May 2008, Eskom issued a request for EOI?s for the provision of multiple baseload Independent Power Producers (IPP?s) to supply 2,100MW of power generation. The IPP?s must deliver a minimum of 400MW per project and commission between 2012 and 2017.
The Eskom EOI process is one of several commercial mechanisms under which an IPP utilising coal from the Mmamantswe project in Botswana can be established. Aviva will continue to investigate the other options while participating fully in the Eskom EOI process.
Expressions of interest from global IPP?s in regard to participation in the Mmamantswe IPP project have been received. The company is now confident the project scale, location and market conditions lends itself to the early entry of a joint development partner and will accelerate partnership discussions accordingly..
In the interim, the company is advancing all requisite activities for an early development decision at Mmamantswe.
Lindsay Reed Robert Kirtlan
Aviva Aviva
Chief Executive Officer Director
Tel: +61 (0) 8 9367 2344 Tel: +61 (0) 8 9367 2344
Issued by:
Warrick Hazeldine
Purple Communications
Tel: +61 (0) 8 9485 1254
ABOUT AVIVA
Aviva is an integrated energy company listed on the Australian Stock Exchange and the Botswana Stock Exchange with its head office in Perth. The company is growing a portfolio of integrated energy assets. Aviva?s most advanced asset is the Coolimba Power project in Western Australia.
The Coolimba Power Project is 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 incorporqte 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?.
Aviva is earning a 90% interest in the Mmamantswe Coal project in Botswana where it has delineated a 1.3 billion tonne indicated 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. Aviva is proposing a 1,000MW power station at Mmamantswe.
Please visit: www.avivacorp.com.au
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Issued by
Purple Communications
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Ph: 08 9485 1254 Fax: 08 6263 0455
purple@purplecom.com.au