Arrow Energy announces Daandine Power Station Agreements Unconditional

摘要

Arrow Energy NL has announced that the Gas Tolling Agreement with the Australian Pipeline Trust who will own and operate the Daandine Power Station facility is now unconditional. This agreement establishes a commercial mechanism for Arrow to feed its Daandine field Coal Seam gas into the Power Station and to off-take electricity for sale into the grid. All of the offtake from the plant will be sold by Arrow to electricity retailer Country Energy under a long term Power Purchase Agreement. The Daandine CSG field will be initially developed with 15 wells, to produce a total of 2PJ per annum of gas supply to the Power Station. Thirteen of the proposed fifteen development wells on the Daandine Field have been drilled and completed to date. Surface gathering and down-hole equipment is currently being installed and dewatering of the field is scheduled to commence in early July.