The way I read the announcement was that the 20 megawatts is the total power supply agreement for 10 years (5+5).
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Not 20 megawatts per year, or am I reading it wrong?
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If it's 20 megawatts over 10 years = 2 megawatts per year or 2000 Watts.
2000 Watts at 24 hours per day (assumption) = 48000 kWh
[email protected] = $5280 per day.
Again though, investors should be aware that Hunter Energy do not own the Redbank Power Station, it generates no power and the BAC has not been built.
No construction of the BAC will take place until power can be guaranteed hence the clauses in the contacts.
Come back 1st October for further updates and then 31 December.
Cheers
