What details were announced regarding Monadelphous Group (ASX:MND) securing a contract with CS Energy?

Monadelphous Group (ASX:MND) secured a major construction contract valued at approximately $380 million with CS Energy. The scope of works includes balance-of-plant construction, engineering and design of minor packages, and installing 12 aeroderivative gas turbine generator units.

How does the CS Energy contract impact the order book and timeline for Monadelphous Group (ASX:MND)?

The $380 million contract provides substantial revenue visibility for Monadelphous Group (ASX:MND) over the next few years. Construction is scheduled to commence in the second half of this year, with completion expected by early 2029.

What is the capacity and purpose of the Brigalow Peaking Power Plant project?

The Brigalow Peaking Power Plant will have a combined capacity of 400 megawatts. As a gas peaking facility, it is designed to fire up quickly to deliver power to more than 150,000 homes during peak electricity demand periods.

How does this contract award fit into the long-term investment thesis for Monadelphous Group (ASX:MND)?

This contract strengthens the narrative that Monadelphous Group (ASX:MND) is successfully transitioning its business model to capture green energy and transition infrastructure spend.

What are the main bull points for Monadelphous Group (ASX:MND) after this news?

The primary bull case is the massive $380 million injection into the company's order book, ensuring visible construction revenue through 2029. Additionally, successfully delivering a 400-megawatt utility project establishes a strong track record. This credential makes it easier for Monadelphous to win future, highly lucrative energy transition contracts across Australia.

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Monadelphous secures $380M Queensland power plant contract

Written by Mahathir BayenaPublished Jun. 4 2026Last Updated Jun. 5 2026

Australian engineering company Monadelphous Group (ASX:MND) has secured a contract valued at approximately $380 million with CS Energy.

The substantial deal focuses on the balance-of-plant construction and installation of 12 aeroderivative gas turbine generator units for the Brigalow Peaking Power Plant near Chinchilla, Queensland.

The facility will boast a combined capacity of 400 megawatts. The scope of works also encompasses the engineering and design of minor packages, with construction slated to commence in the second half of this year and wrap up by early 2029.

Once fully operational, the gas peaking plant will play a pivotal role in reinforcing power system reliability and complementing renewable energy by delivering power to more than 150,000 homes during peak electricity demand periods.

The project is set to provide a notable economic boost to the local region; Monadelphous forecasts a peak workforce of around 300 people and has committed to facilitating local employment and supply opportunities.

Monadelphous Managing Director Zoran Bebic emphasised that the award highlights the company’s strengthening position in supporting Australia’s ongoing energy transition.

"We are pleased to be partnering with CS Energy on the Brigalow Peaking Power Plant, supporting reliable and flexible energy supply," Bebic stated, adding that the company is proud to continue contributing to critical energy infrastructure across Australia.