03:21 PM EST - TransAlta Renewables Inc. : And TransAlta Corporation announced today that TEC Hedland Pty Ltd, a subsidiary of TransAlta, received formal notice of termination of the South Hedland Power Purchase Agreement ("PPA") from a subsidiary of Fortescue Metals Group Limited ("FMG"). The PPA allows FMG to terminate the agreement if the power station has not reached commercial operation within a specified time period. FMG continues to be of the view that the South Hedland Power Station has yet to achieve commercial operation. TransAlta Renewables Inc.
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