FMG 5.53% $20.14 fortescue ltd

POWER!!!! Fortescue Future Industries, page-5

  1. 3,089 Posts.
    lightbulb Created with Sketch. 944
    I understand you reasoning and concern, but its been consistently stated that FFI will maintain a separate balance sheet from FMG, so hopefully we will not be exposed and bear the risk.

    I wonder if we will be hitting up the world bank for funding, e.g. https://www.worldbank.org/en/news/feature/2019/02/26/how-world-bank-group-collaboration-bringing-power-cameroon

    • Pilbabra Generation Project = Solar & Gas generation, expanding to Hydrogen
    • Papua New Guinea = Signed Agreement for Hydro-power
    • Afghanistan = Signed Agreement for Hydro-power & Geo-Thermal (and minerals)
    • Pakistan = Hydro-power talks underway
    • CSIRO = Partnership to develop Hydrogen
    • Indonesia = Geothermal & Hydro-power - Signed deed of agreement
    • Congo = Hydro-power talks underway

    Like it or not, I think there is a clear direction for the future of the company and it is not small scale!!!
 
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