ASX AND MEDIA ANNOUNCEMENT14 May 2008 ELS 73 2008AVIVA WELCOMES...

ASX AND MEDIA ANNOUNCEMENT
14 May 2008 ELS 73 2008
AVIVA WELCOMES MID WEST ENERGY INFRASTRUCTURE
INVESTMENT
Aviva Corporation (ASX:AVA, BSE:Aviva) has welcomed the State Government’s Budget
commitment to build a $295million 330kV transmission line between Perth and Geraldton.
Aviva’s Chief Executive Officer Lindsay Reed said the Coolimba power station will enhance
the capacity of the new transmission line to provide much needed extra power to both the
local region and the SWIS network.
Aviva is currently developing the Coolimba Power Project, a $1billion investment based on a
400MW coal fired power station 20km south of Eneabba, which will be key to unlocking the
considerable economic potential of the Mid West region by powering local development.
“New generation in the Mid West, like the Coolimba Power Project, maximizes the long-term
value of the 330 kV transmission line investment,” Mr Reed said.
The Mid West region of WA is experiencing rapid growth. It is estimated that there are
$6.5billion worth of projects under development in the region – all these projects need power.
“Coolimba will add value to the 330kV investment by providing much needed base load
energy for local resource projects and providing balance for the whole SWIS network.” Mr
Reed said.
“Coolimba will set Eneabba up as an energy hub in the Mid West, balancing Collie in the
State’s South West and Kwinana in the metropolitan area.”
Development of the North Perth Coal Basin for base load power was the number one
recommendation of the Energy for Minerals Development in the South West Coastal Region
of WA Study, citing local generation of power as critical to the development of iron ore
processing initiatives in the Mid West.
Mr Reed said Coolimba will provide a competitive source of power for the State, and would
incorporate world leading technology for reducing emissions of carbon, nitrous oxides, and
sulphur.
“We expect Coolimba to contribute at least 600 jobs during construction, and in the long
term, it will host 100 permanent jobs for locally housed employees when commercial
operation commences in 2012.”
For further information contact:
Lindsay Reed
Aviva
Chief Executive Officer
Tel: +61 (0) 8 9367 2344
Issued by:
Warrick Hazeldine
Purple Communications
Tel: +61 (0) 8 9485 1254 Mob: 0417 981 507 or 0417 944 616
ABOUT AVIVA
Aviva is listed on the Australian Stock Exchange and the Botswana Stock Exchange with its
head office in Perth. The company is growing a portfolio of energy assets. Aviva’s most
advanced asset is the Coolimba Power Project in Western Australia.
Aviva is earning a 90% interest in the Mmamantswe project in Botswana, where it is has
outlined a 1.3 billion tonne coal resource. The project is well positioned, being on the South
African border and adjacent to key infrastructure including, highway, railway, and high
voltage transmission lines.
ABOUT COOLIMBA
The Coolimba Power Project is based on based on a 400MW base load power station near
Eneabba, in the Mid West region of WA. The project is ideally located in the northern half of
the SWIS power grid to take advantage of demand growth both in the SWIS and from new
resource projects in the Mid West Region. The location has the advantage of low cost fuel,
available water, adjacent infrastructure, existing mining lease and freehold land. Coolimba
Power will also incorporate the latest carbon capture technology. The project name is derived
from the coastal region west of Eneabba, which is known as the Coolimba coast. Coolimba is
an Aboriginal word which is said to mean “place by water”.
Please visit: www.avivacorp.com.au and www.coolimbapower.com.au