APA Group (ASX:APA), Australia’s leading energy infrastructure business, today announced it will construct a new gas transmission pipeline and a gas–fired power station to supply power to the Gruyere Gold Project (“Gruyere Project”) in Western Australia. APA will design, build, own and operate the 198 kilometre pipeline (to be known as the “Yamarna Gas Pipeline”) and 45 megawatt gas-fired power station, with a total cost of construction of around $180 million.
Presentation by Mick McCormack, APA Group Managing Director and CEO, to the 2017 ANZ Research Conference.
APA Group (ASX:APA), Australia’s leading energy infrastructure business, today announced that, further to announcements made on 1 May 2017 and on 27 February 2017, it has entered into agreements with Cooper Energy (ASX:COE) to purchase, upgrade and operate the Orbost Gas Processing Plant, to process natural gas from the Sole gas field. Total cost of the upgrade project, including acquisition costs, is expected to be in the order of $270 million.
Presentation by Mick McCormack, APA Group Managing Director and CEO, to the 2017 Macquarie Conference, Sydney.
APA Group (ASX:APA), Australia’s leading energy infrastructure business, today announced that it has agreed to purchase the Darling Downs Solar Farm with an option to acquire the nearby Beelbee Solar Farm Development site, which has the potential for an additional 150MW of solar energy generation. APA will fund the acquisition and development costs for the Darling Downs Solar Farm project of approximately $200 million with currently available cash and operating cash flows, and a $20 million grant from the Australian Renewable Energy Agency (ARENA) Advancing Renewables Programme. Construction is expected to be completed by late in 2018.
APA Group (ASX:APA) and Cooper Energy Limited (ASX:COE) are pleased to announce that the respective boards of the two companies have provided final approvals for a transaction (Transaction), the key commercial terms of which have been negotiated and substantially agreed by the parties, as proposed in the non-binding Heads of Agreement (HOA) announced on 27 February 2017.
APT Pipelines Limited advises that the Interest Rate in respect of the APA Group Subordinated Notes (Notes) for the Interest Period commencing on 1 April 2017 and ending on 30 June 2017 is 6.2950% per annum.
Presentation by Mick McCormack, APA Group Managing Director and CEO, at the 2017 RBC Global Infrastructure Forum.
APA Group (ASX:APA), Australia’s largest gas infrastructure business, today announced that on 16 March 2017 (EDT) it priced an offering of USD 850 million of senior guaranteed notes in the debt capital markets in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S. The notes will be issued by APA’s wholly-owned borrowing entity APT Pipelines Limited and will be guaranteed by Australian Pipeline Limited in its capacity as trustee and responsible entity of Australian Pipeline Trust and APT Investment Trust (“the Parent Guarantors”) and by certain subsidiaries of the Parent Guarantors.