By Phil Boeyen, ShareChat Business News Editor
Tuesday 26th September 2000
|Text too small?|
Contact operates the plant at the project, which is a 282 megawatt distillate and gas-fired power station located in south-eastern Queensland. The plant has been operating commercially since January this year.
Contact's co-shareholders in the project, AIDC and Energy Resource Managers, have also increased their ownership following the decision by Siemens to sell its 33.3% shareholding.
AIDC now holds 50% of the project and Contact and Energy Resource Managers 25% each.
Contact's acting CEO, Stephen Barrett, says the company is pleased to be able to increase its stake.
"Oakey has been a very successful project for Contact and we believe the increase in our ownership stake represents a good investment on behalf of Contact's shareholders."
No comments yet
UPDATE Contact increases dividend as FY earnings rise; quits wind projects
Contact increases dividend as FY earnings rise in competitive market
Contact shares drop to 2-month low, says 'hard to see' investment under Labour-Greens plan
Contact Energy, parent Origin mull redemption of $2.03 bln of notes after S and P change
Solid first half for Contact, despite retail margins squeeze
Contact sells mothballed New Plymouth power station for $24 mln
Contact Energy's King hints at greater returns as cash mounts
Contact energy beats FY profit forecast as revenue surges
Elliott leaving Contact for Origin role
Contact sees 2014 cash-flow boost as projects put on ice