Zenith powers ahead on market surge

ONE of the three significant national providers of offgrid power to mines and energy operations in Australia has seen a massive surge in available projects in the past year or so, raising the prospect of new equity capital figuring in its pursuit of the growth it promised investors when it raised $25 million and listed on the Australian Securities Exchange last May.

Zenith powers ahead on market surge Zenith powers ahead on market surge Zenith powers ahead on market surge Zenith powers ahead on market surge Zenith powers ahead on market surge

Zenith directors Doug Walker (front) and (rear left to right) Darren Smith, Gavin Great and Hamish Moffat

Zenith Energy (ASX: ZEN) managing director Hamish Moffat said the company had achieved a high strike rate in securing three big new build-own-operate (BOO) contracts with Newmont Mining, Dacian Gold and Gascoyne Gold since its 2017 IPO and listing, as well as contract extensions. With Newmont's power plant at Tanami in central Australia to be commissioned early in 2019, Zenith will have more than 180 megawatts of contracted BOO generation capacity on its books and about 420MW of total contracted installed capacity.

That's more than double the pre-IPO level of BOO contracts, and the company meanwhile has seen 124MW of "near term opportunities" at listing blow out to 380MW of prospective BOO contract capacity.

Moffat told MiningNews.net in an interview at ...