Brief: CLP Holdings Says EnergyAustralia And Lochard Energy Agree To Settle Litigation
12/03/2021 08:14
March 12 (Reuters) - CLP Holdings Ltd 0002.HK :
* ENERGYAUSTRALIA AND LOCHARD ENERGY AGREE ON SETTLEMENT OF
LITIGATION ARISING FROM DISPOSAL OF IONA GAS PLANT
* SETTLEMENT INCLUDES, MAINLY, PAYMENTS TO BE MADE BY
ENERGYAUSTRALIA TO LOCHARD ENERGY AND QPC
* UNLIKELY FOR CLAIMS TO RESULT IN A MATERIAL OUTFLOW OF
ECONOMIC
BENEFITS FOR CLP GROUP
* SETTLEMENT INCLUDES EXTENSION OF EXISTING LONG TERM
COMMERCIAL
RELATIONSHIP FOR GAS STORAGE SERVICES AT IONA GAS PLANT FOR
ENERGYAUSTRALIA
Source text for Eikon: ID:nHKS2T0Cs9
Further company coverage: 0002.HK
((Reuters.Briefs@thomsonreuters.com;))