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Engineering Services Division Wins Further Contract with Barrick Gold
Rame Energy plc, the international energy consultant, engineer and power generator, has announced that its wholly owned Engineering Services subsidiary, Seawind Holdings SpA, has received a purchase order from Compania Barrick Chile Generación Limitada, part of Barrick Gold Corporation, for the immediate design, supply and installation of new wind monitoring equipment at Barrick’s operations at the 20 MW Punta Colorada wind farm, Chile.
The works will include the installation of an 80m tall lattice mast, instrumentation, a solar panel and a data logger with mobile connectivity, which will together provide verification data for the wind climate around six of the ten turbines that comprise the existing wind farm developed by Rame at the site. This contract follows Rame’s recent refurbishment of one of Barrick’s existing 50m tall monitoring masts and the provision of engineering services at Punta Colorada.
In tandem with the Company’s strategy to achieve growth through the development of its Large Scale Power Division, which is overseeing the development of 15MW of wind power in Chile, Rame is also focussed on building revenues across its established international energy consultancy business, which supplies power generation solutions to the industrial, mining and utility sectors.
Tim Adams, CEO, commented, “This long standing relationship with Barrick continues to bear fruit for the Company and is testament to the quality of our Engineering Services Division, which leverages our expertise both on a regional and technical basis to provide power g solutions to heavy industry and mining in particular. We continue to see opportunities, as demonstrated in our recent announcement on Cerro Bayo, where the intelligent use of renewable energy can help address the power pricing and availability issues faced by many industrial consumers in the region. Our recent acquisition of Beco Solar in the UK clearly bolsters our renewable capabilities in this fuel displacement energy market and we look forward to further announcements in this area as we continue our focus on achieving growth throughout 2014 and beyond.”
