Strike Energy Secures Key Approvals for WA Gas Project

Strike Energy Limited (AU:STX) has released an update.

Strike Energy Limited has been awarded the full 85 MW of Certified Reserve Capacity Credits and the requested Network Access Quantity for its South Erregulla peaking gas power station by AEMO. With a published capacity price of $216,092 per MW per annum for 2026, the project is poised to generate over $18 million in its first year, not including additional forecasted energy sales and ancillary services revenue. These milestones significantly de-risk the project as it approaches its Final Investment Decision in November 2024.

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