Carnegie Completes Pipeline Milestone for Perth Project

Carnegie Wave Energy Limited has completed the final pipeline milestone and a progress milestone for the CETO unit component of the Perth Wave Energy Project with the approval of $1,072,880 from the Western Australian State Government and $2,095,024 in payment claims submitted to the Australian Government.

CETO 5 – CETO 6

Carnegie’s milestone claims for $1,072,880 for completion of two milestones were approved by the Western Australian State Government under its LEED Grant. The milestones were for Carnegie’s progress on the CETO units and the completion of the pipelines for the Perth Project.

Carnegie has submitted milestone payment claims worth $2,095,024 for the completion of these milestones to the Australian Government under its grant from the Australian Renewable Energy Agency (ARENA) Emerging Renewables Program.

Press Release, April 08, 2014

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