Hydro project wins $610m federal loan

Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 12-Jul-19

Genex Power will receive a $610m loan from the Northern Australia Infrastructure Facility for its proposed pumped hydro project in Queensland. NAIF CEO Laurie Walker notes that the project will provide northern Queensland with an additional 250 megawatts of power, with EnergyAustralia in the process of concluding a deal to receive electricity from the project. The concessional loan is the largest allocation made by the $5 billion NAIF to date.

CORPORATES
GENEX POWER LIMITED – ASX GNX, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, ENERGYAUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, J-POWER AUSTRALIA PTY LTD, QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY

LNP risks $20b for clean energy

Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 23-Nov-17

The Liberal National Party has stated it will scrap the Queensland government’s 50 per cent renewable energy target if it wins the election on 25 November. It has also promised to construct a coal-fired power station. Premier Annastacia Palaszczuk notes Queensland already has eight coal-fired power stations, while she contends that scrapping the renewable energy target will put $A20 billion worth of investment at risk. LNP leader Tim Nicholls has stated the target is not realistic, while he contends the current government has used taxpayers’ funds to subsidise large solar energy projects.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, ADANI MINING PTY LTD, RIO TINTO LIMITED – ASX RIO, AUSTRALIAN LABOR PARTY, AGL ENERGY LIMITED – ASX AGL, INFIGEN ENERGY LIMITED – ASX IFN, QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY, AUSTRALIAN BROADCASTING CORPORATION, NORTH AUSTRALIA INFRASTRUCTURE FACILITY