Pacific Energy Pty Ltd (PEL) is pleased to announce that it has signed a new 10 year Power Purchase Agreement with Westgold Resources Limited (Westgold).
Under the agreement, 6 diesel fired power stations (2 owned and operated by Pacific Energy) will be replaced and consolidated into 4 high efficiency gas fuelled power stations, integrated with solar and battery storage at Westgold’s Fortnum, Meekatharra and Cue Gold Operations in the Murchison and Bryah Basin regions of Western Australia.
Pacific Energy CEO, Jamie Cullen noted that Westgold has been a valued client of Pacific Energy since 2015. “We are very pleased to be working collaboratively with Westgold on this significant transition of power supply arrangements across their operations. Under this agreement, Pacific Energy will deliver a fully integrated hybrid energy system that will reduce overall carbon emissions by over 57%”
Westgold’s Managing Director, Wayne Bramwell said “The transition to a cleaner, more efficient energy platform that utilises renewables and gas in FY23 is strategic for Westgold. It is an important step in meeting our ESG targets but is pivotal to reducing the operating cost of our business”.
The execution of this agreement has resulted in Pacific Energy surpassing 635MW of contracted power generation capacity, with nearly 40% of the portfolio a hybrid or renewable power system.
“We continue to witness a transition of our industry to renewable energy solutions. With our complete in-house capability across all major renewable energy technologies, we are pleased to work with our mining, industrial and Government clients to optimise hybrid and renewable energy solutions” Jamie Cullen said.