Strike Energy Limited (AU:STX) has released an update.
Strike Energy Limited has been granted 85 MW of Certified Reserve Capacity for its South Erregulla peaking gas power station project by the Australian Energy Market Operator, which is expected to generate annualized revenues of $15 – $20 million starting from the 2026 capacity year. This award is a critical step towards the final investment decision set for November 2024, and it highlights the project’s potential to support Western Australia’s energy transition by integrating the South Erregulla gas field with renewable power generation.
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