re: Ann: ORG: Origin acquires 180MW longterm ... This is not a sale of the Osbourne power station.
It is a power purchase agreement which means that Origin now give future certainty to BBP for the sale of the power from this power station.
This is good news to ensure future sales of power to pay down debt associated with the Osbourne power station but I would not have thought worthy of a trading halt.
This certainty of power offtake however does give the banks a great deal of comfort knowing there is a guarateed customer for a fixed period into the future.
Certainly good news but not what we're waiting for......
regards
J
re: Ann: ORG: Origin acquires 180MW longterm ... This is not a...
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