Australia: Carnegie Releases Quarterly Report

October 31, 2013

During the quarter Carnegie Wave Energy Limited focused on progressing its Perth Wave Energy Project (the Perth Project) with all key elements of the Project ordered, components being manufactured, and commencement of onshore site works.

Highlights from the quarter include:

Completed manufacture and delivery of structural foundation piles and installation aids for the Perth Project
Arrival of Perth Project’s Foundation Installation Vessel in Western Australia
Awarded Contract for Onshore Plant and Process Control System
Commenced onshore earthworks in preparation for the Onshore Plant
Completion of detailed design for CETO powered desalination plant pilot plant
Signing of a Cooperation Agreement with the Western Australian Water Corporation
Received grant payments from the Federal Government and WA State Government totalling nearly $5 million for the Perth Project (including the Desalination Pilot Plant)
Received $2.26 million Research and Development Tax Incentive cash rebate.

To read the full report, visit the following link.

[mappress]

Press release, October 31, 2013; Image: carnegiewave