Zenith Energy Signs Power Purchase Agreement (PPA) with Dacian Gold

Pursuant to the ASX announcement on 28 August, remote power generation specialist Zenith Energy Limited (ASX: ZEN) has announced that its wholly-owned subsidiary, Zenith Pacific Pty Ltd, has now executed the PPA to build, own and operate a 17MW gas-fired power station for Dacian Gold Limited’s (ASX: DCN) (‘Dacian’) wholly owned subsidiary Mt Morgans WA Mining Pty Ltd.

Under the terms of the PPA, Zenith will construct the power station to service the power needs of Dacian’s Mt Morgans Gold Project, located 20km west of Laverton, and approximately 750km northeast of Perth, in Western Australia.

The power station will utilise gas-fuelled generators, providing the Mt Morgans Project with cost effective and clean power generation into the future. The PPA will have a supply commencement date of 7 March 2018, and an initial eight-year term, with Mt Morgans WA Mining Pty Ltd having the option to extend for a further term of three years. The PPA should positively impact Zenith’s FY2018 earnings and will have a materially positive impact in FY2019 when the first full-year impact of the PPA is attributed to ZEN’s financial results.

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s