Isaac gas player QPM falls into receivership - Industry Queensland

Collapse of QPM threatens gas supply, power project in Qld

QPM Energy’s fall into administration comes as it was developing a new gas power plant in Queensland to tap rising power demand from data centres.

Isaac gas player QPM falls into receivership - Industry Queensland

Moranbah Gas Project owner QPM Energy has gone into receivership, with the first meeting of creditors due by the end of next week. It comes less than two months after the company was hailing the arrival in Queensland of two GE Vernova LM6000 gas turbines to underpin its planned $196 million Isaac Power Station development at Moranbah. The company said at the time it had invested about $138 million, unaudited, in Isaac Power Station development, …