(CercleFinance.com) – Vinci announces that the Acerez consortium (composed of Vinci via its subsidiary Cobra IS, Acciona, and the local energy distributor Endeavor Energy) has been awarded by the New Wales government the South (a state in the South-East of Australia) an act of commitment for a major public-private partnership (PPP) lasting 35 years.
Financial close is planned for the second half of 2024, after obtaining regulatory authorizations, underlines Vinci.
This PPP includes the financing, design, construction, operation and maintenance of several 330 kV and 500 kV transmission lines, substations and their connection to renewable energy production parks (capacity of 4.5 GW).
The design phase is planned for the beginning of 2024, for gradual provision of the electricity network from the third quarter of 2027.
Cobra IS, which has already won several contracts of the same type, notably in Brazil, is deploying its expertise in the promising Australian market.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
