Australia’s APA Group to buy local supplier’s Pilbara assets for US$1.1bil

Alinta Energy will be selling its Pilbara portfolio in Western Australia, which includes the Port Hedland and Newman power stations, to the gas pipeline owner. — Reuters

SYDNEY: Australia’s APA Group says it will acquire Alinta Energy’s power assets in the Pilbara region in a deal valued at A$1.72bil (US$1.1bil), as the energy infrastructure firm aims to reduce its exposure to fossil fuels.

Alinta Energy, the local energy supplier owned by Hong Kong-based Chow Tai Fook Enterprises, will be selling its Pilbara portfolio in Western Australia, which includes the Port Hedland and Newman power stations, to the gas pipeline owner.