Braemar-2 is a 450 MW open-cycle natural gas turbine plant adjacent to the Braemar-1 power station. The power station was developed by ERM Power and was built by Bilfinger. It supplies peak demand power and it is equipped by three Siemens's 150 MW SGT5-2000E gas turbines. The power station cost A$546 million. Gas for this power station is sourced from the Stratheden field at Daandine.

Arrow Energy acquired 50% of the station in 2008 and on 4 July 2011, it took full control of Braemar-2.