Energy Developments has entered agreements with AngloGold Ashanti Australia
(ASX:AGA) to expand and extend power supply at its Sunrise Dam mine.
Operation of the new expansion of Sunrise Dam is set to begin by the end of December and contracted to last until 2025.
The upgrade includes replacement of diesel generators with high-efficiency gas generators, coinciding with the installation of a new pipeline to supply natural gas to the site.
EDL Managing Director Greg Pritchard says the company is delighted with the latest chapter of a partnership with AGA of more than 20 years.
Energy Developments recorded a net profit of $45.4 million for the financial year ended 30th June 2014.
