March 12 (Reuters) - CLP Holdings Ltd 0002.HK :
* ENERGYAUSTRALIA AND LOCHARD ENERGY AGREE ON SETTLEMENT OF LITIGATION ARISING FROM DISPOSAL OF IONA GAS PLANT
* SETTLEMENT INCLUDES, MAINLY, PAYMENTS TO BE MADE BY ENERGYAUSTRALIA TO LOCHARD ENERGY AND QPC
* UNLIKELY FOR CLAIMS TO RESULT IN A MATERIAL OUTFLOW OF ECONOMIC BENEFITS FOR CLP GROUP
* SETTLEMENT INCLUDES EXTENSION OF EXISTING LONG TERM COMMERCIAL RELATIONSHIP FOR GAS STORAGE SERVICES AT IONA GAS PLANT FOR ENERGYAUSTRALIA