News: Infratil considers wind farm investment

.

Infratil Limited (ASX:IFZ)has paid down its bank debt and is considering buying back shares and ramping up wind farm investment in Australia.

 

The infrastructure investor is considering its options after making more than $350 million from the sale of a 30 per cent stake in Z Energy.

 

Infratil has used about half of its funds from Z Energy to pay back bank debt and may use the remaining cash to buy back its own shares and accelerate plans for Australian wind farm developments.

 

The company is comparing the merits of a buyback to investing in another wind farm or buying another asset.

 

Infratil delivered a net profit of $61.7 million in fiscal 2013.