OZLs consideration of renewable electricity is an interesting development.
The new 135kv powerlines to PH and C can be reversed to send power back to the grid by adding a near mine or along power line generator.
This would slash the cost to OZL of the powerlines and deliver the mines cheap electricity.
PH will be the most Westerly point on the East Australian HV grid. Solar kit here would be peak generating later in the day than any other EA solar source. Shared use of the airstrips, roads and mine villages might also cut costs.
The land here is abundant and dirt cheap with no competing use. Permits would be waved through.
I don’t know what winds are like in central SA; the solar potential is self-evident.
This isn’t some lefty-greenie fantasy. OZL has a genuine cost-out opportunity here in applying proven technology in a novel setting. So of course they are looking at it.
OZL would be pleased to sign a low cost long term contract with a renewables company. Low risk for everyone.
Ash
OZL Price at posting:
$9.42 Sentiment: Buy Disclosure: Held
