by Ganesh Sahathevan
RM10b bonds to fund cable project
Thursday, January 28, 2021
Australia's solar powered Ting Pek Khings: Billionaires Andrew Forrest & Cannon-Brookes obtain NT Govt backing for a project that will sell solar power to Singapore, says state owned ABC.
by Ganesh Sahathevan
Australian Government owned ABC News has reported this morning that Sun Cable, the world's largest solar farm backed by Twiggy Forrest and Mike Canon-Brookes, could by 2027, the project could supply 15 per cent of Singapore's power supply.
The project has the backing on the Northern Territory Government. The ABC also said :
"Massive projects don't happen overnight and this is genuinely massive," Chief Minister Michael Gunner said. "We’ve ticked another box today."
(Sun Cable chief executive David Griffin) described the latest agreement as a road-map to the "financial close" phase of the project, setting out how the company would work with and resolve any issues with the NT Government.
The Prime Minister Scott Morrison and the Commonwealth Government have already granted the scheme Major Project Status.
And of course, Ting never envisaged something of this scale:
Sun Cable's $22 billion Australia-ASEAN Power Link project includes a 10 gigawatt solar farm and battery on a remote pastoral station, about 70 kilometres south-west of Elliott.
A transmission line in the Barkly region would connect the system to Darwin and a 3,750 kilometre undersea cable would then run from Darwin Harbour to Singapore.
Sunday, August 2, 2020
Singapore's Channel News Asia says Singapore’s dreams of becoming a solar-powered nation have almost arrived; no mention of buying solar energy from Andrew Forrest & Cannon-Brookes
Singapore seems not to have heard of Andrew Forrest's
Australian-ASEAN Power Link
TO BE READ WITH
Tuesday, July 28, 2020
Angus Taylor & Australian Government grant billionaires Twiggy & Canon-Brookes solar power to Singapore project Major Project Status: Still no word from Singapore if the supply will be accepted,so why is the Australian Govt throwing money at these billionaires at their sun light white elephant?
Renew Economy and others have reported:
Minister for industry, science and technology Karen Andrews said on Wednesday that the Australian-ASEAN Power Link (AAPL) for the massive project, planned for the Northern Territory’s Barkly region near Tennant Creek, had been granted Major Project Status.
Federal minister for energy and emissions reduction, Angus Taylor, said the Sun Cable project would maintain Australia’s position as an energy exporting powerhouse.
“Australia has long been a world leader in energy exports,” Minister Taylor said. “As technologies change, we can capitalise on our strengths in renewables to continue to lead the world in energy exports.”
Meanwhile Singapore has had nothing to say about buying this power, and neither have Indonesia or any other ASEAN Country.
TO BE READ WITH
Wednesday, November 20, 2019
Australian billionaires propose to do a Bakun where Olivia Lum failed: Twiggy & Canon-Brookes looking decidedly old school, taking after Ting Pek Khiing,and is PwC going to be answerable to investors in this remake of the mid-90s Bakun Undersea Cable disaster
First the Sydney Morning Herald headline, which seems not to have made any impact in Singapore:
Billionaires invest in 'massive' solar farm to supply power to Singapore
Australian billionaires Mike Cannon-Brookes and Andrew "Twiggy" Forrest have joined a capital raising of "tens of millions of dollars" to build a huge solar farm in Australia to supply electricity to Singapore.
David Griffin, chief executive of Sun Cable, did not disclose the total investment other than to say it was less than $50 million. Mr Cannon-Brookes and his wife, Annie, were "lead investors" with their family firm Grok Ventures, while Mr Forrest tipped in funds from his Squadron Energy company.
The over-subscribed raising marks the start of what could become a $22 billion plan to build the world's largest solar farm with a 10-gigawatt capacity covering 15,000 hectares near Tennant Creek in the NT, and a 22GW-hour storage plant.
The project would aim to supply competitively priced electricity to the Darwin region and to Singapore via a 4500-kilometre high-voltage cable.
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