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APA GROUP — Capital/Financing Update 2010
Jun 2, 2010
64398_rns_2010-06-02_64360a58-0265-4b90-860f-adb6f103a284.pdf
Capital/Financing Update
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3 June 2010
WDS AWARDED PIPELINE CONTRACT
WDS Limited (ASX:WDS) today announced its Energy and Infrastructure (Construction) Division has been awarded a contract by APA Group (ASX:APA) for the construction of the Young to Wagga Wagga Pipeline looping project.
WDS Acting Chief Executive Officer Michael Jones said that the 61km, 450mm diameter pipeline project is anticipated to commence in early June and generate revenue that supports the current guidance. The project will use the pipeline construction resources currently completing the construction of the Gooimbah SGGL Pipeline for Origin Energy in the coal seam gas (CSG) sector.
Mr Jones stated “This project will continue the WDS relationship with APA, following on from works carried out on APA’s pipeline renewal program in Brisbane. It highlights the value that APA places on WDS’ core values - particularly safety and quality, and will provide our Energy and Infrastructure business with a solid start for FY11.”
For further information:
Michael Jones Acting Chief Executive Officer WDS Limited (02) 9018 3414
Anne Hayes Chief Financial Officer WDS Limited (02) 9018 3414
ABOUT WDS LIMITED: WDS is a leading integrated provider of specialist development, design, engineering, construction, fabrication and maintenance related services to the cross section of energy, mining and infrastructure sectors .