Category Archives: Utilities

Recently, Spark Infrastructure Group Strong outlook for TransGrid due to rising energy demand

Strong outlook for TransGrid due to rising energy demand:Recently, Spark Infrastructure Group (ASX: SKI) announced that Victoria Power Networks (Finance) Pty Ltd (VPNF), the common funding vehicle for Victoria Power Networks (CitiPower and Powercor), in which SKI holds a 49% interest, has placed US$80 million of bonds, maturing in June 2027. As part of the transaction, cross currency swaps have

Read more

Three stocks that raced higher on ASX – DUET Group, OZ Minerals Ltd and Western Areas Ltd

Acquisition update: DUET Group (ASX: DUE) stock rallied over 9.5% on April 21, 2017, at the back of Australian Federal Treasurer’s (FIRB) approval of the proposed CKI Consortium acquisition of the group. Based on the acquisition terms, the overall cash proceeds are proposed at $3.03 per DUET stapled security. This move sets in for generating future growth platform for the

Read more

Infigen Energy Ltd PPA with EnergyAustralia

PPA with EnergyAustralia: Infigen Energy Ltd (ASX: IFN) stock rallied over 4.8% on March 15, 2017 given the positive sentiments. The group along with its development partner made a power purchase agreement (PPA) with EnergyAustralia for 60% of the output (electricity and LGCs) from the proposed 113.2 MW Bodangora wind farm project which is being developed near Wellington in New

Read more

Two stocks that moved up on ASX – Infigen Energy Ltd and Fortescue Metals Group Ltd

PPA with EnergyAustralia: Infigen Energy Ltd (ASX: IFN) stock rallied over 4.8% on March 15, 2017 given the positive sentiments. The group along with its development partner made a power purchase agreement (PPA) with EnergyAustralia for 60% of the output (electricity and LGCs) from the proposed 113.2 MW Bodangora wind farm project which is being developed near Wellington in New

Read more

AusNet Services Ltd Settlement of the Mickleham Road Bushfire Class Action

Settlement of the Mickleham Road Bushfire Class Action: AusNet Services Ltd (ASX: AST) has informed that the parties to the Mickleham Road Bushfire Class Action have agreed to a settlement of the litigation, subject to Court approval. The date for hearing the application for Court approval of the proposed settlement has not yet been set. The settlement sum is $16m,

Read more
« Older Entries