AGL Energy Shares Higher After Deciding to Proceed With Western Australia Power Project

MT Newswires Live

Apr 01

AGL Energy (ASX:AGL) shares were nearly 1% higher in Wednesday trade after the company said late Tuesday it has reached a final investment decision to proceed with the Kwinana Gas Power Generation 2 project.

Kwinana 2 is a 220 megawatt open-cycle, dual-fuel gas turbine power station that will be co-located with the existing Kwinana Swift facility in Western Australia.

Construction on the project is expected to start by the middle of the year, and the launch of operations is targeted for the fourth quarter of 2027, with an expected asset life of 25 years, per the filing.

The project's total cost is pegged at about AU$490 million, inclusive of the gas turbines, and roughly one-third of the total cost is expected to be spent this fiscal year. AGL Energy said its forecasted growth capital spend for the said year is now about AU$750 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2624755093"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2624755093\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2624755093?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-01 09:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624755093","market":"sg","top_or_hot":-1,"title":"AGL Energy Shares Higher After Deciding to Proceed With Western Australia Power Project","media":"MT Newswires Live","content":"<html><body><p> AGL Energy (ASX:AGL) shares were nearly 1% higher in Wednesday trade after the company said late Tuesday it has reached a final investment decision to proceed with the Kwinana Gas Power Generation 2 project.</p><p>Kwinana 2 is a 220 megawatt open-cycle, dual-fuel gas turbine power station that will be co-located with the existing Kwinana Swift facility in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>.</p><p>Construction on the project is expected to start by the middle of the year, and the launch of operations is targeted for the fourth quarter of 2027, with an expected asset life of 25 years, per the filing.</p><p>The project's total cost is pegged at about AU$490 million, inclusive of the gas turbines, and roughly one-third of the total cost is expected to be spent this fiscal year. AGL Energy said its forecasted growth capital spend for the said year is now about AU$750 million.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AGL Energy Shares Higher After Deciding to Proceed With Western Australia Power Project</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAGL Energy Shares Higher After Deciding to Proceed With Western Australia Power Project\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-04-01 09:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> AGL Energy (ASX:AGL) shares were nearly 1% higher in Wednesday trade after the company said late Tuesday it has reached a final investment decision to proceed with the Kwinana Gas Power Generation 2 project.</p><p>Kwinana 2 is a 220 megawatt open-cycle, dual-fuel gas turbine power station that will be co-located with the existing Kwinana Swift facility in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>.</p><p>Construction on the project is expected to start by the middle of the year, and the launch of operations is targeted for the fourth quarter of 2027, with an expected asset life of 25 years, per the filing.</p><p>The project's total cost is pegged at about AU$490 million, inclusive of the gas turbines, and roughly one-third of the total cost is expected to be spent this fiscal year. AGL Energy said its forecasted growth capital spend for the said year is now about AU$750 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AGL.AU","symbol_name":"AGL ENERGY LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2624755093","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624755093","pubTimestamp":1775007406,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"AGL Energy (ASX:AGL) shares were nearly 1% higher in Wednesday trade after the company said late Tuesday it has reached a final investment decision to proceed with the Kwinana Gas Power Generation 2 p","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AGL.AU":"AGL ENERGY LTD","XJO.AU":"标普/澳交所 200指数","BK4168":"多种金属与采矿","BK7136":"复合型公用事业","AGL":"agilon health, inc.","BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","XKO.AU":"标普/澳交所 300指数","WRN":"西方铜金","PW":"Power REIT","XAO.AU":"标普/澳交所 普通股指数","BK4196":"保健护理服务","BK4539":"次新股"},"translate_title":"AGL Energy决定继续进行西澳大利亚电力项目后股价走高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGL":1.5,"XKO.AU":1.5,"AGL.AU":1.5,"XJO.AU":1.5,"XAO.AU":1.5,"WRN":1.5,"PW":1.5},"content_text":"AGL Energy (ASX:AGL) shares were nearly 1% higher in Wednesday trade after the company said late Tuesday it has reached a final investment decision to proceed with the Kwinana Gas Power Generation 2 project.Kwinana 2 is a 220 megawatt open-cycle, dual-fuel gas turbine power station that will be co-located with the existing Kwinana Swift facility in Western Australia.Construction on the project is expected to start by the middle of the year, and the launch of operations is targeted for the fourth quarter of 2027, with an expected asset life of 25 years, per the filing.The project's total cost is pegged at about AU$490 million, inclusive of the gas turbines, and roughly one-third of the total cost is expected to be spent this fiscal year. AGL Energy said its forecasted growth capital spend for the said year is now about AU$750 million.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}