| Advanced Australian lithium developer Core Lithium has signed a power connection agreement with Power and Water Corporation in the Northern Territory.Connection to the power grid network opens the opportunity for Core to access lower-cost, lower-emission renewable and gas-generated power for its Finniss Lithium Project. Core is preparing to start construction of Finniss in 2021, targeting first exports of lithium in 2022. The two-year agreement allows Core to build a physical link between the project, located near Darwin in the Northern Territory, and the PWC electricity system so that electricity can flow between the two, securing physical capacity of 5000 kVA, sufficient to meet the needs of the project. Core Lithium Managing Director Stephen Biggins said connection to the PWC network is a key infrastructure goal of the project. “However, what is even more exciting is that, once connected, the Project will be able to participate in the NT government’s retail contestability reforms that have been extended to large customers, such as Core,” he said. “Having the ability to choose our electricity supplier and plug in to green power is yet another demonstration of how the location of Finniss Lithium Project can reduce Core’s and our customer’s greenhouse footprint.” |
