Friday 2/10/2009 Page: 79
AGL Energy says it will receive $88 million from the sale of the Hallett 4 windfarm, north of Adelaide. AGL said yesterday it had reached a sale agreement with the Energy Infrastructure Investments consortium.The consortium consists of Japan's Marubeni Corporation and Osaka Gas, and Australia's APA Group. The fourth stage of the Hallett Windfarm, on the Hallett Hill range 220km north of Adelaide is due for completion in May 2011.
AGL expects to realise a development fee of $88 million from the transaction, with between $50 million and $60 million anticipated to be booked in the current financial year and the rest in the following year. Under the terms of the transaction, EII will fund all remaining development and construction costs. For its part, AGL will buy the electricity and renewable energy certificates from the windfarm until 2036.
0 comments:
Post a Comment