Australian Potash gives PWR Hybrid contract for its WA project; shares climb
07/09/2021 04:54
** Shares of Australian Potash Ltd APC.AX rise as much as
6.1% to A$0.11, marking their best day since Aug 20
** The nickel and potash miner says it has awarded preferred
bidder status to PWR Hybrid, which designs and builds hybrid
power solutions urn:newsml:reuters.com:*:nFWN2Q80CR
** Says awarded preferred bidder status to build, own and
operate the circa 35MW hybrid renewable microgrid at the Lake
Wells Sulphate of Potash Project in Yilgarn Craton, WA
** Co says microgrid will integrate an innovative
gas-fuelled power station with solar PV, wind and battery energy
storage technology, which is expected to achieve a Renewable
Energy Fraction (REF) above 65%
** Stock down 26.7% YTD, as of last close
(Reporting by Riya Sharma in Bengaluru)
((Riya.Sharma@thomsonreuters.com;))