29/10/2014 - 15:01

Geraldton power project moves closer

29/10/2014 - 15:01

Bookmark

Upgrade your subscription to use this feature.

The City of Geraldton has sold an 8.8-hectare parcel of land for $880,000 to Tersum Energy which expects to spend between $60 million and $80 million to build a 30-megawatt gas fired power station, and is in ongoing negotiations for offtake power.

Geraldton Mayor Ian Carpenter.

The City of Geraldton has sold an 8.8-hectare parcel of land for $880,000 to Tersum Energy which expects to spend between $60 million and $80 million to build a 30-megawatt gas fired power station, and is in ongoing negotiations for offtake power.

City of Greater Geraldton Mayor Ian Carpenter said the project had the potential to create 120 construction jobs, and then 15 to 30 new jobs once in operation.

The power station is being built to provide energy for new industries and businesses to connect to the grid.

The sale of the land was made through a private treaty.

Tersum Energy managing director Rod Littlejohn said the Leederville-based renewable energy company expected to make a final investment decision on the project in the second half of next year.

Tersum Energy is focused on developing a sustainable energy project which will offer jobs and significant investment in the local economy,” Mr Littlejohn said in a statement.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options