Leading Australian energy infrastructure business, APA Group, today continued its progress towards a sustainable future announcing its ambition to achieve net zero operations (Scope 1 and 2) emissions by 2050.
APA Group (ASX: APA) today announced it is expected to recognise, subject to finalisation of the half year accounts and review conducted by the external auditors, a non-cash impairment of approximately $249 million (pre-tax) to its Orbost Gas Processing Plant in its financial statements for the period ended 31 December 2020. The impairment reflects increased capital expenditure and reassessment of the plant’s future cash flows following commissioning work during the half year period.
APA Group’s key dates for 2021 are set out below. These dates are indicative only and may be subject to change.
APA Group (ASX:APA) today announced an estimated FY2021 interim distribution of 24.0 cents per security for the six months ending 31 December 2020. This represents a 4.3% increase over the FY2020 interim distribution of 23.0 cents per security.
APA Group (ASX: APA) today announced a two phased power expansion agreement with existing customer, Gruyere Gold Mine in Western Australia, which will increase total installed capacity by 45% from 45MW to 64MW.
APA Group (ASX: APA), today announced an investment of up to $460 million to construct a new 580-kilometre, 12-inch pipeline in Western Australia to connect emerging gas fields in the Perth Basin to the resource rich Goldfields region, forming an interconnected WA Gas Grid.
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Following the amendments approved by APA Group securityholders today, 22 October 2020 at the Annual Meeting. APA Group have updated the Constitution of Australian Pipeline Trust consolidated to 22 October 2020; and Constitution of APT Investment Trust consolidated to 22 October 2020.
Results of the 2020 Annual Meeting held today, 22 October 2020.