Arrow Energy buys Queensland power station

Arrow Energy will take over operations of the Braemer 2 Power Station, located near Dalby in Queensland, Australia, after buying out the remaining 25 per cent ownership from ERM Power.

The 450 MW power station, commissioned in 2009, is fired by coal seam gas (CSG) from Arrow’s Daandine and Tipton West gas fields. It is the second-largest gas fired power station in Queensland, and provides 3-4 per cent of Queensland’s power needs.

Andrew Faulkner, CEO of Arrow Energy, said: “While Arrow has been expanding CSG exploration to deliver a major CSG-to-LNG project to meet international demand for cleaner energy, this acquisition shows that providing cleaner energy to Queensland at the same time is of critical importance to the company.”

ERM Power led the development of Braemar 2, was the project and construction manager, and managed and operated the plant until last week, when it sold its remaining equity interest to Arrow Energy.

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