Carnegie in power supply talks with Water Corporation

Carnegie Wave Energy is in discussions with the Water Corporation to provide renewable energy to power the Southern Seawater Desalination Plant.

Carnegie said there was potential to supply up to 2 megawatts of wave power to supply the plant from its Perth Wave Energy project.

“The Water Corporation is open to either a short term or long term electricity supply arrangement subject to the parties agreeing satisfactory commercial terms.” Carnegie said in a statement.

Carnegie has previously announced other potential power off-take deals for its wave energy project, including a proposal from the Australian Department of Defence.

It said a decision on power supply arrangements was expected shortly.

Carnegie stocks were up 13 per cent at 12:20PM, WST, trading at 3.4 cents.