QIC Wins Bid on Iona Gas Storage Facility


Institutional investors strong thirst for regulated power assets in developed markets remain. Brisbane-based QIC led a group of investors to acquire the Iona Gas Storage Facility, located west of Melbourne, Australia. QIC is an entity owned by the Government of the State of Queensland. The seller is EnergyAustralia, a subsidiary of Hong Kong energy firm China Light & Power Group aka CLP Holdings Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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