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QPM Energy ( (AU:QPM) ) has shared an announcement.
QPM Energy Limited has executed a A$113.7 million Master Lease Agreement with Macquarie Bank to fund the acquisition and transportation of two LM6000 gas turbines for the Isaac Power Station. This agreement supports the construction and initial operations of the 112MW facility, which is projected to be the lowest-cost gas-fired generator in Queensland. The partnership with Macquarie Bank underscores the project’s quality and strategic importance, as QPM progresses towards its financial investment decision and further development milestones.
The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.
More about QPM Energy
QPM Energy Limited is a company operating in the energy sector, focusing on the development and operation of power generation facilities. Its primary product involves gas-fired power generation, and it is actively working on projects like the Isaac Power Station in Queensland, aiming to be a cost-effective energy provider.
Average Trading Volume: 6,779,819
Technical Sentiment Signal: Sell
Current Market Cap: A$129.8M
For detailed information about QPM stock, go to TipRanks’ Stock Analysis page.