AUSTRALIA

Arrow takes a bigger stake in Braemar 2 power station

ARROW Energy has entered into agreements with ERM Power to increase its interest in the 450-megawatt Braemar 2 power station and associated high-pressure gas pipeline.

Marija Stojkovic

Arrow takes a bigger stake in Braemar 2 power station

The company will initially acquire a further 24.9% interest in the power station for $30 million in cash and $15 million of Arrow shares. The acquisition will take Arrow's hold to 74.9%. The company...

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