QPM.ASX: TPS Overhaul Complete

TPS Overhaul Complete

Stock	Queensland Pacific Metals Ltd (QPM.ASX)
Release Time	4 Aug 2025, 9:14 a.m.
Price Sensitive	Yes

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TPS Overhaul Complete, Dispatch Agreement Commences

Key Points

Successful completion of Townsville Power Station (TPS) commissioning
Dispatch Agreement with Ratch Australia Corporation commenced on 1 August 2025
Accelerated well workover program underway to increase production from Moranbah Gas Project

Full Summary

QPM Energy Limited (ASX:QPM) has announced the successful completion of the commissioning of the Townsville Power Station (TPS) and the commencement of the Dispatch Agreement between QPM and Ratch Australia Corporation. The Dispatch Agreement gives QPM the right to manage the dispatch of electricity generated by TPS into the National Electricity Market. In line with the return to service of the TPS, QPM has also initiated an accelerated well workover program, including the use of a coiled tubing unit, to further increase production from the Moranbah Gas Project (MGP). The Company's Energy Markets team is now able to optimize the dispatch of the TPS to maximize electricity revenues using the MGP gas supply and gas stored in the North Queensland Gas Pipeline.