Babylon locks in BHP power contract

Newly listed Babylon Pump & Power has secured a $1.1 million power supply contract at BHP Billiton’s Mining Area C project in the Pilbara.

Under the contract, Babylon will supply, install and maintain power generation equipment for BHP’s Mining Area C surplus water pipeline project.

The contract was awarded via engineering company Adenco.

Works are expected to begin immediately, with commissioning scheduled for September.

The contract will run for a minimum term of one year and is expected to contribute about $1.1 million in revenue for the 2019 financial year.

“Babylon’s board is grateful for the confidence Adenco have placed in Babylon and looks forward to building a strong and positive working relationship with Adenco,” the company said in a statement to the ASX.

Babylon listed on the ASX in January after a reverse takeover of Melbourne-based health company IM Medical.