ENB 0.00% 0.5¢ eneabba gas limited

about to open a power station for the mid west

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    ASX Release 22 March 2007
    ENEABBA RECEIVES ERA APPROVAL FOR NEW POWER STATION
    Eneabba Gas Limited (EGL, ASX:ENB) today announced the receipt of final regulatory approval for its
    168 MW Centauri 1 gas-fired power station 8km east of Dongara in Western Australia’s Mid-West.
    The WA Government’s Economic Regulation Authority (ERA) has granted EGL a 30 year Generation
    License for the construction and operation of Centauri 1, effective immediately.
    ERA licensing is the final regulatory approval required by EGL prior to construction of Centauri 1.
    Construction of Centauri 1 is on schedule to commence following finalisation of financing arrangements.
    EGL Managing Director Mark Babidge said the approval for the new power station reinforces the
    Company’s significant time advantage in meeting the growing infrastructure needs of the burgeoning Mid-
    West region.
    “Energy supply in the Mid-West has not kept pace with the growing demands from the region and EGL is
    now well positioned to become a major supplier to a range of corporate, industrial and commercial
    customers,” said Mr Babidge.
    On completion of financing, EGL’s contracted suppliers GE Packaged Power and General Electric
    International will commence advanced design, construction and commissioning of the plant.
    Eneabba is currently considering a range of options for funding the development and will provide the
    market with further updates as soon as they are available.
    Mark Babidge John McGlue
    Managing Director Porter Novelli
    Eneabba Gas Limited (08) 9321 0099 (08) 9386 1233
    About Eneabba Gas Limited
    EGL is a new breed independent power group in WA’s newly de-regulated energy market, developing the
    168MW Centauri 1 power station project near Dongara in the State’s Mid-West.
    Construction of Centauri 1 is due to commence once financing is secured. The addition of this gas-fired
    power delivered into the burgeoning Mid-West region is on track to meet the area’s growing energy
    demands.
    The Company has contracted GE Packaged Power and General Electric International as turnkey plant
    suppliers for the project.
    EGL is also pursuing a number of secondary projects, including coal seam methane and uranium targets
    in the Company’s Mid-West tenements.
 
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