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QPM Energy Limited (ASX:QPM)

ALERT: Price-sensitive ASX Announcement for QPM
Current share price for QPM : $0.009 -0.032 (-78.05%)+
Announcement
Release
10 Oct 2025 8:23AM
Price at Release
$0.041
Full Release
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Summary
QPM Energy Limited announced the execution of a A$113.7 million Master Lease Agreement with Macquarie Bank Limited to fund the acquisition and deployment of two LM6000 gas turbines for the Isaac Power Station project in Moranbah. The agreement provides a term of up to 84 months and includes funding for both the construction phase and the first five years of operation. The turbines will be transported from Hungary and are expected to be operational by mid-2027. This agreement is a significant milestone for QPM as it secures the necessary generation units and supports the project's financial viability. The Master Lease Agreement is structured to potentially convert into a larger project financing facility post-FID, facilitated by ongoing efforts to award major contracts and secure necessary approvals. The lease terms include competitive pricing, a 2% establishment fee, and a repayment schedule with interest-only payments during construction transitioning to principal and interest payments. CEO David Wrench highlighted the agreement as a key step towards delivering a cost-effective gas-powered station in Queensland.
Key Points
  • A$113.7 million Master Lease Agreement with Macquarie Bank executed.
  • Funding covers acquisition and deployment of two LM6000 gas turbines.
  • Turbines to be delivered to Moranbah's Isaac Power Station by mid-2027.
  • Agreement supports construction and initial 5-year operation phase.
  • Facility has a term of up to 84 months from October 2025.
  • Interest-only payments during construction, transitioning to principal and interest.
  • Agreement is structured for potential conversion to a larger project financing facility.
  • Securing Macquarie as a partner underscores the project's quality.
  • CEO David Wrench emphasizes financial advantages and milestone significance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.