ASX AND MEDIA ANNOUNCEMENT
26 October
2007
COOLIMBA TO POWER THE MID WEST
Key Points:
- Coolimba Power
- a new name in WA energy
- Project based on 400MW coal fired power station in the Mid West
- Leading emissions technology for carbon, sulphur and water
- Will provide up to 8% of the power for the SWIS network
- Coolimba a key
to powering the Mid West
Integrated energy company Aviva Corporation (ASX:AVA) today launched a major new development in the WA
energy market, with the unveiling of the Coolimba
Power brand.
The Coolimba Power Project
is a one billion dollar investment based on a 400MW coal fired power station
20km south of Eneabba. The Project will play a key role in powering the
development of the Mid West region.
The Coolimba brand was
officially launched in a ceremony at Eneabba by the Hon. Kim Chance, Minister
for the Mid West.
Aviva Corporation CEO Lindsay
Reed said Coolimba will incorporate
leading edge emissions technology and provide a low cost power solution for the
state.
“Coolimba Power will
be a key part of unlocking the potential of the Mid West region, providing
fuel and geographic diversity to the SWIS power grid,” Mr Reed said.
“It is estimated that there is $6.5 billion
worth of projects under development in the Mid West region – these
projects all need power.”
Coolimba
will be the first power station in Western
Australia to deploy leading edge emissions technology
for carbon capture, desulfurization and air cooling.
·
The carbon capture technology will
allow for up to 90% of future carbon emissions to be captured. Coolimba is the next logical scale up increment of this
technology which is being deployed in Queensland
and Canada.
·
The desulfurization
technology will eliminate almost all sulphur emissions.
·
The air cooling technology will
reduce water consumption in the power plant by up to 90%.
As the only base load power station north of Perth, the project will
make a significant contribution to the reduction of power transmission losses
in the Mid West, which are currently the highest in the state.
The project is located on private farmland and an
existing mining lease, most of which has been previously cleared for farming or
mining. The mining method adopted will allow 95% of the mining void to be
backfilled and revegetated.
Mr Reed said as well as reliable and low cost power,
the project would provide a further boost for economic development in the
region.
“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” he said.
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 944 616 or 0417 981 507
ABOUT AVIVA
Aviva
is listed on the Australian 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 targeting a 600Mt coal deposit. 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
Issued
by
Purple
Communications
Level
3, 28 Kings Park Road, WEST
PERTH WA 6005
Ph:
08 9485 1254 Fax: 08 6263 0455
purple@purplecom.com.au
