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Company annouce contrat wif Alinta energy which mainly consists of power stations from the Duke Energy Corporation. Ownership of these assets have since been transferred to Alinta Infrastructure Holdings (AIH) upon its listing in October 2005, of which Alinta retains a 20% equity interest.
AE manages, operates and/or maintains the following power stations:
- Bell Bay Power Station in Tasmania
- Bairnsdale Power Station in Victoria
- Glenbrook Power Station near Auckland, New Zealand
- The Port Hedland and Newman Power Stations in the Pilbara, Western Australia
- Pinjarra Cogeneration Unit 1 at Alcoa's Pinjarra Alumina Refinery in Western Australia
AE also develops and manages the construction of new power projects. Projects presently under construction include Pinjarra Cogeneration Unit 2 and Wagerup Stage 1, which are located on Alcoa's alumina refineries in Western Australia.
Billions co. Alinta share price is at 13.90aud on ASX. Top shareholders include Jp Morgan, UNS and citigrp etc.
This contract has clearly show Ausgroup capability in dealing with these projects. increase of strong orderbook to A$275 million, which will be reflected in 2008. this might Suggest more contracts awarded soon by the asia and of course its home grown australia.
April Aus group will be listed to mainboard. expect Aus group 1 quarter 2007 to hit >Aud$5 mil and yearly $20 mil. this will meant that aus group has will cont to excel . With more big marine industry like sembcorp marine subbing more contracts. the co will be benefited as well with it recent cactus presence. Given short term target to $0.82 mid term $1.04. longterm might improve more if the co has awarded asia contracts or big co like bhp and shell.
disclaimer: this is jus my personal view in no respect or on behalf of the company.