Energy Developments Limited : McArthur River Mine Power Station Expansion

Energy Developments Limited (ASX: ENE) Tuesday, 21 January 2014

For Immediate Release

ASX Release McArthur River Mine Power Station Expansion

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Energy Developments Limited (ASX: ENE or the "Company") is pleased to announce that the new 53MW gas fired McArthur River Mine power station has commenced commercial operations, triggering the start of 20 year power supply arrangements for Glencore's expanding McArthur River Mine in the Northern Territory until 2033.
The new power supply arrangements comprise the provision of 68MW of power supply and include the successfully completed new 53MW gas fired power station and the partial utilisation of ENE's existing 24MW power station at the mine.
ENE Managing Director, Greg Pritchard said: "We are delighted to have constructed and commissioned the new 53MW gas fired McArthur River Mine power station within budget, and ready in time to meet the current and future needs of Glencore's world class McArthur River Mine."
"The successful completion of the new power station with zero reportable occupational health and safety or environmental incidents over the more than 200,000 hours worked highlights ENE's position as Australia's leading independent remote power supplier operating in the
1 to 100 MW market, and demonstrates ENE's commitment to be a competitive, safe and
reliable provider of electricity to the Australian mining sector."

Location

McArthur River Mining, a Glencore company, owns and operates the McArthur River Mine located approximately 60 kilometres south-west of the township of Borroloola, 120 kilometres south of the Bing Bong loading facility on the Gulf of Carpentaria and 900 kilometres south- east of Darwin in the Northern Territory in Australia.

Energy Developments Limited ABN 84 053 410 263

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For additional information please contact:

Greg Pritchard Managing Director Energy Developments Phone: [phone]

About Energy Developments

Gerard Dover

Chief Financial Officer Energy Developments Phone: [phone]

Energy Developments Limited ABN 84 053 410 263 (ENE) is an international provider of safe, clean, low greenhouse gas (GHG) emissions energy and remote energy solutions. ENE currently owns and operates a diversified international portfolio of power stations in Australia, the United States, the United Kingdom and Greece from a range of fuel sources including landfill gas, waste coal mine gas, natural gas and liquefied natural gas.

In the year ended 30 June 2013:

 ENE's worldwide operations produced approximately 3.5 million MWh of energy, enough to power over 550,000 homes; and

 ENE's landfill gas power stations around the world, and waste coal mine power stations in Australia abated and avoided approximately 11 million tonnes of carbon dioxide equivalent of GHG emissions, equivalent to removing 3 million cars from the road

Note: in this release, all amounts are Australian dollars unless otherwise specified, and all numbers are approximate unless otherwise specified.

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