QPM Energy (ASX:QPM) said Thursday that it satisfied all conditions to acquire the Moranbah power station following an operating deal with Carbon Logica, according to a same-day filing with the Australian bourse.
Following the completion of the transaction, the company may use the 12.8-megawatt power station to supply electricity to the grid or power the Moranbah gas project, the filing said.
The company's shares were flat in recent Thursday trade but earlier hit a new 52-week high.
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