TransAlta to build power station in Western Australia TransAlta has agreed to build, own and operate a 150 MW combined cycle gas power station in South Hedland, Western Australia to supply power to Horizon Power, a state owned utility, and to The Pilbara Infrastructure Pty Ltd, a wholly owned subsidiary of Fortescue Metals Group. The project is estimated to cost approximately A$570M which includes the cost of acquiring existing equipment from Horizon Power. The project will be built on an existing site at Boodarie Industrial Estate and will be one of the most efficient power stations in the region.
TransAlta sees FY15 outlook in line with FY14 TransAlta targets comparable EBITDA and FFO for 2015 in the range of C$1B-C$1.04B and C$720M-C$770M respectively based on the current outlook for power prices in Alberta and the Pacific Northwest. Sustaining capital expenditures are expected to be in the range of C$310M-C$340M which includes three major maintenance turnarounds for TransAlta operated units in the Canadian Coal fleet. Target fleet adjusted availability for the year is 89%-91%.