Kerry Stokes has sold Malaga-based Landfill Gas and Power to a subsidiary of DUET Group for an undisclosed sum.
DUET subsidiary Energy Developments has announced the acquisition of Perth-based LGP, which owns and operates a five megawatt landfill site in Tamala Park and a 4MW site in Red Hill, along with a 1MW diesel peaking station in Kalamunda.
The value of the acquisition was not disclosed.
“The acquisition is a bolt-on to Energy Development’s existing 84MW Australian landfill gas business, which it has been operating successfully for over 25 years, and provides a number of synergies with the group,” Energy Developments said in a statement.
Energy Developments managing director Greg Pritchard said the acquisition of LGP consolidated the company’s position as a leader in the LFG generation in Australia.