Sunbird Energy (ASX: SNY) has signed a Memorandum of Understanding with the South African State owned power utility Eskom to investigate gas supply from its offshore Ibhubesi Gas Project to Eskom’s 1,300 megawatt Ankerlig Power Station.
Ibhubesi is South Africa’s largest proven gas field, held under joint venture with PetroSA, with Sunbird controlling 76%.
Under the agreement, will consider the economic and commercial viability of the development of the Ibhubesi Gas Field in the 5,000 square kilometre Block 2A, located off the west coast of South Africa.
Eskom is planning the supply and delivery of natural gas to Ankerlig to replace existing high cost diesel feed stock.
Eskom is also currently developing plans to convert the plant from an Open Cycle Gas Turbine to Close Cycle Gas Turbine facility.
Sunbird will complete the field development plan and the Front End Engineering and Design for the Ibhubesi Gas Project.
Eskom is responsible for the replacement of the existing diesel feed stock with indigenous natural gas, the gas turbine conversion project, and the procurement process necessary for a formal gas sales agreement to be entered into.
*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.* Reported by Proactive Investors 2 days ago.
Ibhubesi is South Africa’s largest proven gas field, held under joint venture with PetroSA, with Sunbird controlling 76%.
Under the agreement, will consider the economic and commercial viability of the development of the Ibhubesi Gas Field in the 5,000 square kilometre Block 2A, located off the west coast of South Africa.
Eskom is planning the supply and delivery of natural gas to Ankerlig to replace existing high cost diesel feed stock.
Eskom is also currently developing plans to convert the plant from an Open Cycle Gas Turbine to Close Cycle Gas Turbine facility.
Sunbird will complete the field development plan and the Front End Engineering and Design for the Ibhubesi Gas Project.
Eskom is responsible for the replacement of the existing diesel feed stock with indigenous natural gas, the gas turbine conversion project, and the procurement process necessary for a formal gas sales agreement to be entered into.
*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.* Reported by Proactive Investors 2 days ago.