Presentation by Mick McCormack, APA Group Managing Director and CEO, at the 2017 RBC Global Infrastructure Forum.
APA Group (ASX: APA) refers to its interim results presentation released earlier today. Attached is a revised presentation, with a clarified structure chart on page 25.
APA Group (ASX:APA), Australia’s largest gas infrastructure business, today announced that it has entered into a longterm (12 year) offtake agreement with Alinta Sales Pty Ltd (“Alinta”) that will underpin the construction of the 130MW Badgingarra Wind Farm. The agreement is for Alinta to purchase all of the energy and the Large-scale Renewable Generation Certificates (“LGCs”) generated by the wind farm.
APA Group (ASX:APA), Australia’s largest natural gas infrastructure business, has contracted with a subsidiary of Santos Limited to commence the development of a new circa 450 kilometre pipeline (the Western Slopes Pipeline (“WSP”)) from Santos’ proposed Narrabri Gas Project to connect to the existing APA owned East Coast Grid through the Moomba Sydney Pipeline at the Bundure mainline valve station, approximately 100km west of Condobolin. APA will build and own the pipeline, at a total construction cost of around $500 million, subject to various approvals including a Final Investment Decision by Santos of the Narrabri Gas Project and execution of an agreed form gas transportation agreement.
APT Pipelines Limited advises that the Interest Rate in respect of the APA Group Subordinated Notes (Notes) for the Interest Period commencing on 1 January 2017 and ending on 31 March 2017 is 6.3000% per annum.
APA Group (ASX:APA), Australia’s largest gas infrastructure business, today announced that it has entered into a multi-asset, multi-service gas transportation contract with AGL Energy (“AGL”). The new 3-year agreement replaces a contract with AGL on the Moomba Sydney Pipeline that expires on 31 December 2016.