Monday, June 24, 2013

CBD Energy signs EPCM contract for Taralga wind farm

by Proactive Investors ,
CBD Energy (ASX:CBD) has signed an engineering, procurement, construction and maintenance contract for its Taralga wind farm project in New South Wales.
The Taralga project is likely to cost around $280 million and will take about 18 months to construct. It is likely to be operational in the fourth quarter of 2014.
The 51 turbine wind farm, when complete will supply power to about 45,000 homes and produce about 290,000 megawatts of energy each year. It will also offset 7.5 million tonnes of greenhouse gases over the operating life of the farm.
The Taralga wind farm project is a partnership between CBD Energy, which is the operator with 10% interest and Banco Santander with 90% stake.
Santander will fund 35% of the capital costs of the wind farm, while CBD has already fully funded its 10% of the project from the development fee it earned in 2012.
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