Monford appointed as fixed-price EPC contractor
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| Stock | Frontier Energy Ltd (FHE.ASX) |
|---|---|
| Release Time | 20 Jul 2026, 8:25 a.m. |
| Price Sensitive | Yes |
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Frontier Energy appoints Monford for Waroona Project
Key Points
- Monford Group appointed as EPC contractor for Waroona Project
- Fixed-price contract with $5 million equity subscription
- Monford to reduce cash consideration by $5 million for Frontier shares
- Project aims for first generation by H2 2028
Full Summary
Frontier Energy Limited (ASX: FHE) has appointed Monford Group as the Engineering, Procurement, and Construction (EPC) contractor for Stage One of the Waroona Renewable Energy Project. The EPC contract is on a fixed-price, lump-sum basis, with Monford reducing the cash consideration by $5 million in exchange for newly issued shares in Frontier. The project aims for first generation by the second half of 2028. Monford's extensive experience in renewable energy projects, including the Cunderdin solar-battery hybrid project, was a key factor in the appointment.
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