Infigen Announces Third Quarter FY16 Production And Revenue
INFIGEN ANNOUNCES THIRD QUARTER FY16 PRODUCTION AND REVENUE
29 APRIL 2016
Infigen Energy (ASX: IFN) today reported unaudited production and revenue for the three months ended 31 March 2016 (Q3 FY16) as follows:
|Q3 FY16||Q3 FY15||% CHANGE|
* Calculated price excludes compensated revenue
Production of 309 GWh for Q3 FY16 was 11% or 37 GWh lower than the prior corresponding period (pcp) due to lower wind resource across the portfolio.
Revenue of $39.8 million for Q3 FY16 was 16% or $5.6 million higher than the pcp. This was due to compensated revenue receivable under a production hedge that matured on 31 March 2016 and higher Large-scale Generation Certificate (LGC) and electricity prices, partially offset by lower production.
The average bundled price for the sale of electricity and LGCs was $113.5/MWh, up $14.8/MWh or 15% on the pcp.
For further information please contact:
Richie Farrell, General Manager, Strategy & Corporate Affairs
Tel +61 2 8031 9901
Marju Tonisson, Manager, ESG & Investor Relations
Tel +61 2 8031 9902