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Saturday, 20 April 2019

Brisbane

Cross River financing leads the way

PFI Issue 646 - April 10, 2019

Brisbane’s Cross River tunnel project has been awarded. Its financing template is mirrored across other tunnel PPPs throughout Australia. By John Arbouw

PNG LNG sponsors sign LNG sale with Unipec

PFI Issue 646 - April 10, 2019

The sponsors of the PNG LNG project have signed a mid-term LNG sale and purchase agreement (SPA) with Unipec Singapore Pte Ltd (Unipec) for the supply of approximately 0.45MTPA over a four-year period commencing in April. Unipeg is a wholly owned subsidiary of China’s Sinopec.

Sponsors sign Papua LNG deal with govt

PFI Issue 646 - April 10, 2019

Total SA, operator of the Papua LNG Project, ExxonMobil and Oil Search have signed a gas agreement with the Papua New Guinea government defining the fiscal framework for the Papua LNG Project.

Mercury to build wind farm

PFI Issue 646 - April 10, 2019

Power generator and electricity retailer Mercury will build the NZ$236m (US$160m) Turitea wind farm near Palmerston North in the North Island.

Pilbara Minerals to sell lithium mine stake

PFI Issue 646 - April 10, 2019

Pilbara Minerals is reported to have hired Macquarie to find a buyer for a 20% to 49% stake in its Pilgangoora lithium project in Western Australia.

OSMI looks to develop 300MW wind farm

PFI Issue 646 - April 10, 2019

OSMI Australia, a local renewables developer, is looking to develop the proposed 300MW Delburn wind farm in the Latrobe Valley in Victoria.

Green light for offshore wind

PFI Issue 646 - April 10, 2019

Copenhagen Infrastructure Partners and local joint venture partner Offshore Energy received an exploration licence from the federal government last week to undertake development studies for the proposed A$8bn (US$5.6bn) 2,000MW Star of the South offshore wind project off the coast of Victoria.

Govt to announce winning bid for road upgrade projects

PFI Issue 646 - April 10, 2019

The Victorian government is expected to announce the winning bid this month for the PPP project involving upgrades to 14 arterial roads across Melbourne’s outer north and south-east as part of the A$2.2bn (US$1.56bn) northern and south-eastern package of the Suburban Roads Upgrade.

Atlas Arteria eyes Eastlink toll road stake

PFI Issue 646 - April 10, 2019

Atlas Arteria, which was spun out of Macquarie Group, is reported to be looking at buying China Investment Corp’s 13.8% stake in the Eastlink toll road in Melbourne. The deal is expected to be worth about A$500m (US$356m).

Goldwind/PowerChina reach FC on wind farm

PFI Issue 646 - April 10, 2019

PowerChina and Goldwind Australia, the two sponsors of the 144MW Cattle Hill wind farm in Tasmania, have reached financial close on the debt facility of the A$300m project.

Genex gets green light on K-2 hydro

PFI Issue 646 - April 10, 2019

Genex Power has secured all environmental approvals required to develop the Kidston Pumped Storage Hydro Project (K2) in Queensland.

Adani secures approval for coal mine

PFI Issue 646 - April 10, 2019

The Federal government has approved the water management plan for Adani’s proposed Carmichael coal mine in Queensland, which was the last hurdle to development.

Snowy Hydro looks for Snowy 2.0 funding

PFI Issue 646 - April 10, 2019

Snowy Hydro is reported to have hired Macquarie Capital to seek some of the funding needed to build the A$5.5bn (US$3.5bn) Snowy 2.0 expansion project in New South Wales.

Australian power prices drop

PFI Issue 646 - April 10, 2019

Average wholesale power prices dropped 18% in 2018 from 2017 in all Australian states apart from Victoria, according to renewables developer Foresight in its annual results announced last week.

Solar tower project cancelled

PFI Issue 646 - April 10, 2019

US company SolarReserve has cancelled a A$650m (US$463m) solar tower and molten salt storage plant planned for South Australia as it was unable to secure funding.

AusGrid syndicates refinancing loan

PFI Issue 646 - April 10, 2019

New South Wales poles and wires company AusGrid has begun syndication of a A$900m (US$641m) three-year loan as part of a refinancing, LPC reported.

AREH looks to green energy exports

PFI Issue 646 - April 10, 2019

CWP Renewables, Macquarie, Intercontinental Energy and Vestas, the sponsors of the ambitious 11GW wind and solar Australian Renewable Energy Hub (AREH) in the Pilbara region of Western Australia, are reported to be looking at exporting green hydrogen to countries such as Japan and South Korea.

ARTC calls for EoIs for Inland Rail PPP

PFI Issue 646 - April 10, 2019

The Australian Rail Track Corp, the entity responsible for building the US$10bn Inland Rail project, has called for expressions of interest in building the PPP part of the project.

Wind Prospect looks to build 700MW wind farm

PFI Issue 646 - April 10, 2019

Wind Prospect, is reported to be exploring the possibility of building a 700MW, A$875m (US$622m) wind farm near Hexam in Victoria.

Macarthur wind farm bidders to receive IMs

PFI Issue 646 - April 10, 2019

Potential bidders for Malakoff Corp’s 50% share of the 420MW Macarthur wind farm in Victoria will be sent an information memorandum this week by financial adviser Rothschild, according to reports.

Neoen plans 900MW green hub

PFI Issue 646 - April 10, 2019

Neoen Australia is reported to be in talks with local communities in Victoria’s far west to build a 900MW wind and battery storage project at a pine plantation owned by Mount Gambier plantation company GTFP.

FMG/Formosa/Baosteel plan US$2.1bn Iron Bridge mine expansion

PFI Issue 646 - April 10, 2019

Fortescue Metals Group and its partners Formosa Steel IB of Taiwan and China’s Baosteel have given the green light to the US$2.1bn development of Stage 2 of the Iron Bridge iron ore project in Western Australia.

Bidders selected for North East Link early works

PFI Issue 646 - April 10, 2019

The Victorian government has shortlisted CPB and Laing O’Rourke for the A$200m (US$141m) early works package for the A$16.5bn (US$11.9bn) North East Link availability PPP project in Melbourne.

AMP Capital wins bid for ANU student accommodation

PFI Issue 646 - April 10, 2019

AMP Capital has won the bidding for the 50% stake that New Zealand company Infratil owns in the Australian National University student accommodation asset in Canberra.

Brookfield to sell Tas Gas

PFI Issue 646 - April 10, 2019

Brookfield Infrastructure Partners is reported to have hired Citigroup to sell Tas Gas Networks, a natural gas distribution and retailing company in Tasmania.