Duet Group (DUETF) 1.7000 $DUETF Alcoa to Sell
Post# of 273249
Alcoa to Sell Stake in Australian Natural Gas Pipeline to Duet Group
BusinessWire - Wed Mar 30, 5:04PM CDT
Alcoa (NYSE: AA) today announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group (DUET) for AU$205 million (~US$154 million). DBP is currently owned 20 percent by Alcoa of Australia and 80 percent by DUET (in aggregate).
AA: 9.89 (+0.03)
TransAlta completes AUD183m Fortescue River Gas Pipeline in Western Australia
M2 - Fri Mar 20, 7:33AM CDT
Power company TransAlta (TSX:TA.TO)(NYSE:TAC) reported on Thursday the completion of the AUD183m Fortescue River Gas Pipeline in Western Australia in partnership with its joint venture partner DBP Development Group, a wholly owned subsidiary of DUET Group.
TAC: 5.16 (-0.02)
TransAlta Completes Natural Gas Pipeline in Western Australia
Marketwire Canada - Thu Mar 19, 6:42PM CDT
TransAlta Corporation (TSX:TA)(NYSE:TAC) and joint venture partner DBP Development Group (DDG, a wholly owned subsidiary of DUET Group (ASXUE)) announced today completion of the Fortescue River Gas Pipeline in Western Australia. The project, TransAlta's first pipeline, was completed within a nine month timeframe and for an estimated total cost of AUD $183 million. It will deliver gas to TransAlta's Solomon power station which services Fortescue Metals Group's (ASX:FMG) mining operations at the Solomon Hub. The power station will now operate on natural gas improving reliability and efficiency.
TAC: 5.16 (-0.02), TA.TO: 6.62 (-0.02)