“If the ERA considers the Kalbarri microgrid is a prudent investment and is supported by the Kalbarri community, it will help us secure the revenue and funding we need to promptly deliver the project.”
This project looks to be an Engineer Procurement Construction project as opposed to a Build Own Operate project.
This one will belong to Western Power.
Which should mean less hastles for CCE as regards to approvals and finance.
On the downside, they won’t be receiving ongoing revenue from the sale of electricity. They would probably be retained for ongoing monitoring and maintenance I would think.
This all seems to be in line with what CCE has often said about mixing BOO and EPC projects as they take on more work.
CCE Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
