Leigh Creek Energy has signed a heads of agreement with a Chinese-based energy company to build a gas-fired power station in South Australia.
Leigh Creek Energy (LCK) signed the heads of agreement (HoA) with Shanghai Electric Power Generation Group, with the intention for the companies to work together to establish a joint venture company in South Australia that will construct, own and operate the power station.
LCK Executive Chair, Justyn Peters, said Leigh Creek is pleased to have developed its relationship with Shanghai Electric to the point where they have signed a HoA.
“The generation of base power through a gas fired power station is important both to our company and to South Australia. We see this as a great first step in our development as an energy company,” Mr Peters said.
“The building, owning and operating of a power station ensures the success of our project, but also has the ability to provide cheaper, reliable power to industry and mines in South Australia. I look forward to updating the market with the progress of this project and additional news.”