Dec 17 (Reuters) - APA Group (APA) :
- REACHED A FINAL INVESTMENT DECISION TO BUILD STAGE TWO OF MICA CREEK SOLAR FARM IN MOUNT ISA
- APA'S STAGE TWO INVESTMENT IS UNDERPINNED BY A VARIATION TO EXISTING OFFTAKE AGREEMENT WITH APA CUSTOMER MOUNT ISA MINES
- VARIATION ADDS NEW SERVICE FOR SUPPLY OF ELECTRICITY FROM MICA CREEK SOLAR FARM FOR 15 YEARS
- VARIATION REQUIRED ADDITIONAL CAPITAL EXPENDITURE BY APA OF AROUND A$70 MILLION
- TOTAL INVESTMENT FOR BOTH STAGES OF WORKS IS ESTIMATED TO BE AROUND A$150 MILLION
- SOLAR FARM IS EXPECTED TO BE OPERATIONAL BY MID CY23
- IS INVESTIGATING A POTENTIAL EXPANSION FOR A THIRD STAGE
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