Latest Duet Group (DUETF) Headlines TransAlta
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TransAlta Establishes Joint Venture to construct a Natural Gas Pipeline in Western Australia
Marketwire - Wed Jan 15, 3:54PM CST
TransAlta Corporation (TSX: TA)(NYSE: TAC) announced today that it, through a wholly owned subsidiary entity (TEC Pilbara), has formed an unincorporated joint venture with DBP Development Group (DDG), a wholly owned subsidiary of DUET Group (ASX: DUE). The joint venture is called the Fortescue River Gas Pipeline Joint Venture and its first project will be to build, own, and operate a $178 million natural gas pipeline from the Dampier to Bunbury Natural Gas Pipeline to TransAlta's 125 MW dual-fuel power station at Fortescue Metals Group's (ASX: FMG) Solomon Hub. TransAlta has a 43% interest in the joint venture.