TransAlta is preferred bidder for $565M Australian power plant
Calgary energy firm will be the owner, operator of 125-MW gas-fired facility.
CALGARY — TransAlta Corp. says it has been named the preferred bidder for the South Hedland Power Project in Australia.
Subject to final approvals, TransAlta will invest the equivalent of almost C$565 million in a 150-megawatt, gas-fired power station in South Hedland, Western Australia that it will build, own and operate.
TransAlta said the combined cycle gas power station is expected to be delivering power in 2016 with full commissioning of the station in 2017.
Ouput will be fully contracted under 25-year agreements with Horizon Power and Fortescue Metals Group and may be expanded to accommodate additional customers at later dates.
Calgary-based TransAlta has been operating for more than 15 years in Western Australia, with six facilities totalling 425 megawatt of generating capacity and a natural gas pipeline under development.
© 2014 The Canadian Press