FMG 2.58% $22.25 fortescue metals group ltd

News: FMG Fortescue Metals Announces $450 Mln Pilbara Generation Project

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    Jan 30 (Reuters) - Fortescue Metals Group Ltd (FMG) :

    • ANNOUNCES US$450 MILLION PILBARA GENERATION PROJECT, NEXT STAGE OF ITS PILBARA ENERGY CONNECT PROGRAM
    • PILBARA GENERATION PROJECT COMPLEMENTS US$250 MILLION PILBARA TRANSMISSION PROJECT
    • PILBARA GENERATION PROJECT WILL PROVIDE LOW COST POWER TO ENERGY EFFICIENT IRON BRIDGE MAGNETITE PROJECT
    • PILBARA GENERATION PROJECT TO INCLUDE 150MW OF GAS FIRED GENERATION, WITH 150MW OF SOLAR PHOTOVOLTAIC (PV) GENERATION
    • CAPITAL EXPENDITURE GUIDANCE OF US$2.4 BILLION FOR FY20 IS MAINTAINED, INCORPORATING PILBARA ENERGY CONNECT PROGRAM
 
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