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QPM Energy Limited (ASX:QPM)

ALERT: Price-sensitive ASX Announcement for QPM
Current share price for QPM : $0.009 -0.022 (-70.97%)+
Announcement
Release
7 Apr 2026 9:32AM
Price at Release
$0.031
Full Release
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Summary
QPM Energy Limited has secured a credit approval for a $72 million loan from the Northern Australia Infrastructure Facility (NAIF) to construct the 112MW Isaac Power Station. This loan will be part of a broader Project Finance Facility in collaboration with Macquarie Bank Limited. The NAIF loan is contingent upon the approval of the Queensland Government, along with the fulfillment of necessary documentation and conditions. This infrastructure will be Queensland's first major gas-fired power station in over 15 years, aimed at providing long-term support to the energy grid as part of the state's energy transition strategy. The facility is slated to begin operations in the latter half of 2027, offering significant energy support for the next three decades.
Key Points
  • QPM Energy Limited received credit approval for a loan facility of up to $72 million from NAIF.
  • The loan will fund the construction of the 112MW Isaac Power Station.
  • NAIF provides concessional loans for infrastructure projects in northern Australia.
  • The loan facility is part of a larger Project Finance Facility including Macquarie Bank Limited.
  • The NAIF loan is subject to Queensland Government approval and execution of required documentation.
  • QPM Energy CEO David Wrench expressed satisfaction with the NAIF approval, citing its support for the energy transition.
  • The Isaac Power Station will be the first major gas-fired power station in Queensland in over 15 years.
  • The project is expected to support the Queensland grid for over 30 years.
  • Completion and commercial operation of the power station are targeted for the second half of 2027.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.