Terracom looking to build solar power station in QLD

Company News

by David Chau

Terracom Ltd (ASX:TER) is currently investigating the construction of a 60Mw solar power station.

Terracom is a mining company with development projects in Mongolia and Queensland.  If the company goes ahead with building this power station, it will be built on rehabilitated land at the Blair Athol Coal Mine in Queensland.

The company says the construction of this solar power station, and subsequent land use, will increase the economic value of the property. In addition, it is expected to play a major role in helping Queensland achieve its renewable energy targets.

Terracom reported a net loss of $51.79 million at 30 June 2016.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.