APA brings in help for Darling Downs

The Darling Downs Power Station.

The Darling Downs Power Station.

APA Group is set to bring in a co-investor to boost its bid for Origin Energy’s Darling Downs water and gas pipelines in Queensland, according to the Australian Financial Review (AFR).

The AFR’s Street Talk section is reporting that APA will team up with Japanese investment firm Marubeni on an approximately $300 million bid, with Marubeni providing the majority of the bid and APA acting as operator.

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