APA Group Stapled Securities (APAJF) Discusses Joint Development Agreement with CS Energy for Brigalow Peaking Power Plant Project Transcript

Operator

Thank you for standing by, and welcome to the APA Group Investor Call.

[Operator Instructions]

I would now like to hand the conference over to Adam Watson, Chief Executive Officer and Managing Director. Please go ahead.

Adam Watson
CEO, MD & Director

Thank you. Good morning, everyone, and thanks for coming together at Shore. I’m joined by Garrick Rollason, our CFO, as well as our Investor Relations team. I’m excited to say that we’re here to update you on the joint development agreement we’ve just signed to partner with CS Energy to develop and own the Brigalow Peaking power plant. Now we ordinarily wouldn’t make an investor call for an announcement like this, but given it’s our first major GPG project to be delivered by APA for some time, we thought it was important use time to ask some questions and absorb the project.

So I must say first up that there will be details we can’t yet answer as we work our way towards FID on the project and specifics such as the estimated cost of the project are not yet finalized, but we’ll do our best to try and outline the mechanics of the project and answer again, as many questions as we can. So 3 key takeaways from the announcement. Number one, APA will develop and own 80% of the Brigalow power plant with CS Energy owning the remaining 20%. This is a clear demonstration of our intention