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FMG — Fortescue News Story

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Brief: PLS Group Signs Long-Term Power Agreement With FMG Clean Energy

BRIEF-PLS Group Signs Long-Term Power Agreement With FMG Clean Energy

- PLS Group Ltd PLS.AX:

  • PLS SIGNS LONG TERM POWER AGREEMENT

  • EXECUTES 20-YEAR POWER PURCHASE AGREEMENT WITH FMG CLEAN ENERGY

  • AGREEMENT PROVIDES MINIMUM SUPPLY OF 325 GWH PER ANNUM TO PILGANGOORA

  • EXPECTED REDUCTION IN UNIT OPERATING COSTS OF A$15–A$20 PER TONNE

  • CAPITAL INVESTMENT OF A$150 MILLION FOR TRANSMISSION AND INFRASTRUCTURE UPGRADES FY27–FY29


Further company coverage: PLS.AX


((Reuters.Briefs@thomsonreuters.com;))

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