Po Valley Energy Limited announced it will commence works on its Podere Maiar-1 gas plant and pipeline in Italy's Selva Malvezzi gas field after receiving final authorisation from Italy's UNMIG/Ministry and Fire Department approval. PVE remains on track
for first gas from Podere Maiar in early second quarter of calendar year 2023.
These were the remaining steps needed for Po Valley to officially start works on the Selva
Malvezzi concession. Construction works at the Selva well site and the pipeline installation will
commence on 28 November 2022. The project is on schedule for first gas from Selva early in
the second quarter of 2023.
In addition to the announcement from UNMIG and the final approval, PVE is pleased to confirm
that construction work has also commenced to connect the suspended well at Selva to the grid
tie-in connection point of Italian energy infrastructure company's SNAM S.p.A.
Po Valley is in dialogue with several counterparties to offtake and sell the gas from Selva on
behalf of the Joint Venture. Bids to take delivery of gas at the SNAM connection point to the
national grid which is less than 1km from the Podere Maiar-1 (Selva) well site are being
evaluated and a joint marketing agreement will be drawn up to facilitate joint sales.