Contract Power Group plans to build a new power station at Esperance after Horizon Power awarded the Perth company a 20-year power purchase agreement for the supply of electricity to the town.
Investment group QIC will need to increase its $422 million offer for Pacific Energy, after a consortium consisting of OPTrust and Infrastructure Capital Group lobbed a superior offer to the remote power provider.
A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.
Karratha has become the second regional centre in Western Australia after Onslow to complete a major airport upgrade this year, with Busselton and Port Hedland set to commence projects that will lift total spending to about $240 million.
The Town of Port Hedland council voted last night to privatise the regional airport through a long-term leasing deal with AMP Capital and Infrastructure Capital Group, which will run the regional airport for 50 years.
The Town of Port Hedland is poised to complete Western Australia's biggest privatisation in 15 years, with a consortium led by AMP Capital set to pay $165 million for a 50-year lease over the town's airport.
