Sun Cable Pty Ltd has signed a non-binding pact for potential power supplies from its massive Australia-Asia PowerLink (AAPowerLink) project to a mineral processing facility near Darwin in Australia’s Northern Territory region.
A letter of intent (LOI) was signed with Australian resource and mineral processing technology company Tivan Ltd (ASX:TVN) for the potential offtake of power from 200 MW to 300 MW of capacity. In a bourse filing last week, the mineral resources group said it will work with Sun Cable’s AAPowerLink Australia Assets Pty Ltd to develop an indicative renewable energy supply and commercial strategy for its facility and then agree on a formal power purchase agreement (PPA).
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The potential power deliveries will go to the Tivan Processing Facility (TPF) where Tivan plans to process magnetite concentrate.
The AUD-30-billion (USD 20bn/EUR 18.3bn) AAPowerLink will create a solar park of between 17 GWp and 20 GWp in the Northern Territory with 36 GWh to 42 GWh of batteries. The huge complex is planned to export electricity to Singapore.
The LOI with Tivan was signed several months after Sun Cable entered voluntary administration due to a lack of consensus on funding proposals for the AAPowerLink.
(AUD 1.0 = USD 0.666/EUR 0.610)