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QPM firms funding pathway for new Isaac power plant
Summary by iQ Industry Queensland
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1 Articles
QPM firms funding pathway for new Isaac power plant
QPM Energy (ASX:QPM) has secured further backing for its planned Isaac Power Station by completing a $30 million-plus share placement while also lining up a $40 million convertible note investment. The company said funds raised under the placement would allow it to order critical long-lead items, such as transformers, and continue project development activities. It is working towards commissioning the 112MW gas-fired plant at Moranbah in mid-202…
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