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Transalta Corp establishes Joint Venture with DUET Group to construct a Natural Gas Pipeline in Western Australia

Wednesday, 15 Jan 2014 04:54pm EST 

Transalta Corp:Says through a wholly owned subsidiary entity has formed an unincorporated joint venture with DBP Development Group a wholly owned subsidiary of DUET Group.Says the joint venture is called the Fortescue River Gas Pipeline Joint Venture.Says its first project will be to build, own, and operate a $178 mln 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 Solomon Hub.Says it has a 43% interest in the joint venture. 

Company Quote

0.18 +1.66%
4:00pm EDT