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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

BOWCoal Seam Gas Power generator at Blackwater

  • August 27, 2010

    Bow Energy has begun construction on its 30 megawatt gas-fired Blackwater Power Project, located approximately 15 kilometres north-east of Blackwater in central Queensland.

    CEO John De Stefani (pictured middle) welcomed the commencement of scheduled construction by principal contractor Clarke Energy (Australia).

    The power project is expected to create more than 200 direct and indirect jobs during the construction process, with additional staff required for operation and maintenance upon its expected completion at the end of the first quarter 2011.

    “Bow continues to achieve its growth targets and the start of construction on time and on budget is another successful milestone for the company,” De Stefani says.

    “The beginning of construction follows the successful award of a development permit from the Central Highlands Regional Council, which has welcomed the project as a boost for jobs and economic growth in the Blackwater and Emerald region,” he says.

    The Blackwater Power Project will be supplied with clean-burning coal seam gas (CSG) from Bow’s nearby Blackwater CSG Field, which has current certified CSG reserves of 1,382 petajoules (PJ) of 3P and 59PJ of 2P (net to Bow).

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