Pacific Energy secures new power station contract

Company News

by Rachael Jones

Power generation specialist Pacific Energy (ASX:PEA) is pleased to announce that its wholly owned KPS subsidiary has secured a new contract to supply electricity to the Jaguar copper/zinc mine in Kalgoorlie in WA.

The mine is owned and operated by Round Oak Minerals.

Under the new contract, KPS will acquire the existing 12.9 megawatt power station from Round Oak for a price of $2.5 million.

The contract will run for four years.

Shares in Pacific Energy (ASX:PAE) trading 0.8 per cent higher at 68 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.