Meridian Acquires Development Rights for Burdekin Falls Hydro Project in Queensland from Stanwell Corporation

PERTH, AUSTRALIA--October 15, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Stanwell Corporation Limited (Queensland, Australia) sold the 37-megawatt (MW) Burdekin Falls Hydro Project to Meridian Energy Limited (Wellington, New Zealand), giving Meridian an opportunity to strengthen its position in Australia. The project has been proposed for the Burdekin Falls Dam, Queensland's largest water storage facility, which is south of Townsville.