Fire up your engines, preliminary sale materials for Acciona’s Kwinana Energy Recovery, dubbed Australia’s first large-scale waste-to-energy facility, are out, and Street Talk has a copy.
This column revealed Spanish energy giant Acciona was seeking to divest at least 50 per cent of its holding in the KER facility last month, hiring RBC Capital Markets to launch the process. The deal includes selling property, systems and ancillary equipment.
In a 12-page flyer titled “Project Gold”, obtained by Street Talk, prospective investors were told KER is forecast to deliver $40 million of earnings in 2025 that will almost double to $75 million-plus by 2034.
Read the full story tomorrow and more on the Street Talk page.
The sharemarket finished flat on Tuesday after the Reserve Bank of Australia’s shock decision to hold the cash rate at 3.85 per cent, with gains in bank stocks helping to offset losses in the retail and property sectors.
