Aug 1 (Reuters) - Fortescue Metals Group Ltd FMG.AX
* Gave notice to repurchase Solomon power station from Tec Pipe Pty Ltd, a wholly owned subsidiary of Transalta Corporation
* Solomon power station is currently treated as a lease liability and recognised as debt on fortescue's balance sheet
* Liability and associated costs related to Solomon power station of US$348 million will be fully repaid from available cash in November 2017