Brisbane’s Cross River tunnel project has been awarded. Its financing template is mirrored across other tunnel PPPs throughout Australia. By John Arbouw
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.
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.
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 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 Australia, a local renewables developer, is looking to develop the proposed 300MW Delburn wind farm in the Latrobe Valley in Victoria.
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.
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, 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).
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 Power has secured all environmental approvals required to develop the Kidston Pumped Storage Hydro Project (K2) in Queensland.
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 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.
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.
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.
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.
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.
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, is reported to be exploring the possibility of building a 700MW, A$875m (US$622m) wind farm near Hexam in Victoria.
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 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.
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.
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 has won the bidding for the 50% stake that New Zealand company Infratil owns in the Australian National University student accommodation asset in Canberra.