Dart Energy contracts Clarke Energy for gas fired power generation projects in New South Wales
Dart Energy has contracted Clarke Energy for the design, supply, installation, commissioning, operations and maintenance services of a number of small to mid-scale gas-fired power generation projects, which will source gas from Dart Energy’s New South Wales licence portfolio.
Dart Energy holds seven coal seam gas (CSG) licences in New South Wales, covering over 23,000 square km, with an independently certified prospective gas resource of approximately 19 TCf.
The agreement between Dart Energy and Clarke Energy is for an initial term of three years.
In the near-term, Dart Energy and Clarke Energy will be focussing their combined efforts on two specific types of projects:
- Small (1 – 8 MW), highly efficient, reliable, environmentally friendly co-and tri-gen integrated gas to power solutions for industrial and other customers. Dart Energy’s PELs 458 and 463 will be utilised for these projects; and
- Integrated, mid-scale grid-connected (up to approximately 30 MW) gas to power solutions. Dart Energy’s PELs 458, 456 and 460 will be utilised for these projects.
Dart Energy Australia CEO Robbert de Weijer said “The strong relationship with Clarke Energy, which dates back to the co-development of the first coal seam gas fired power project at Daandine when Dart was part of Arrow Energy, will provide an excellent platform to deliver small to mid scale integrated gas to power solutions to a large number of customers, on an accelerated timeline.”
Dart Energy said smaller-scale power generation projects will enable the company to benefit sooner from the significant need for increased gas-fired power generation capacity expected in New South over the coming years, and the expected enhanced gas pricing and retained margin opportunities provided in this expanding New South Wales gas market.
Dart Energy is targeting first gas sales and initial cashflows in New South Wales by the end 2013.