Investa Property Group ("Investa") today announced a deal with leading Australian energy group TRUenergy to develop a major new power station on a 25 hectare site at Swanbank Enterprise Park ("Swanbank") in Ipswich.

TRUenergy’s initial investment in the Blackstone gas-fired power station at the Swanbank site will be around $400 million and when fully developed the power station would represent an investment of up to $1.8 billion. TRUenergy estimates around 1000 jobs will be created during construction of the Blackstone Power Station.