Sept 4 (Reuters) - Naturgy Energy Group SA NTGY.MC :
* SNOWY HYDRO AND GLOBAL POWER GENERATION (GPG), JV OF NATURGY ENERGY GROUP, SA (75%) AND KUWAIT INVESTMENT AUTHORITY (25%) AGREES TO BUILD A 218 MW WIND FARM LOCATED AT VICTORIA STATE
* CONTRACT AWARDED CONSISTS OF A 15 YEARS PPA CONTRACT FOR DIFFERENCE (POWER PURCHASE AGREEMENT) FOR 75% OF THE ENERGY PRODUCED
* WIND FARM IS ESTIMATED TO REQUIRE TOTAL INVESTMENT OF ABOUT 219 MILLION EUROS AND IS EXPECTED TO START OPERATIONS IN H2 2022