Energy Infrastructure Trust (EIT) has claimed a $7.5 million stake in Queensland Gas Company (QGC).
The investment represents a 6.2 per cent interest in QGC, the largest shareholding in the company by an institutional investor.
The funds would be used to ensure the CS Energy and Incitec Pivot gas supply contracts achieve commercial close before June 30.
The remainder of funds would go towards the detailed planning for QGC's 100 megawatt gas-fired power station near Chinchilla in south-east Queensland.
QGC has also signed a Memorandum of Understanding with EIT's managers - ANZ Infrastructure Services Ltd - granting the trust first and last right of refusal to develop and invest in the power station near Chinchilla.
QGC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
