Sun Cable project has collapsed but Australia's Northern Territory Chief Minister Natasha Flyes still expects Singaporeans to finance her AUD 40 Billion economic growth program

 by Ganesh Sahathevan 

As reported on this blog in January 2023:

Australia's Northern Territory Chief Minister Natasha Fyles based her AUD 40 Billion development program on a plan to sell solar power to Singapore, despite the absence of a power supply agreement between plan promoter Sun Cable and the Government Of Singapore

Shortly after, Sun Cable collapsed and its new investors made clear that Singapore was no longer their focus:

That however has not prevented Chief Minister Flyes from continuing to claim that she will sell solar power to Singapore, and that the Sun Cable project will help finance her territtory's growth plans:

 Department of
the Chief Minister and Cabinet

The NT Government awards major project status to private sector initiated projects that are significant, complex and have strategic impact.

In early 2017, the NT Government reviewed and updated the major project status policy framework following a comprehensive consultative process. The revised framework sets out the process and requirements for major project status.

The objectives of the major project status are to:

• attract and promote secure private sector investment to broaden and deepen the NT economy, and
• assist the timely and effective delivery of major projects through efficient and consistent government processes.

For the project proponent, the benefits of major project status include whole of government support, coordination and facilitation, assistance in identifying and mapping regulatory approvals, a dedicated project case manager and facilitation of engagement with the Australian Government through a central and single point of contact.

The benefits of major projects for the NT include:

• local business engagement in the project
• attraction of new business to the NT
• skills development and jobs for Territorians
• expansion of the investor pool.

Since 2001, the NT has adopted a case management approach for projects that have been awarded major project status.

The major project status policy framework sets out the information government requires to assess applications for major project status.

Project proponents should familiarise themselves with the information required before submitting an application for major project status. Read more about the major project status policy framework.

For enquiries relating to major project status, contact Investment Territory by calling 08 8999 6617.

Current private sector projects

The following private sector initiated projects currently have major project status:

• Ammaroo Ammonium Phosphate Project - Verdant Minerals Ltd
• Australia-Asia Power Link (AAPowerLink) - Sun Cable Pty Ltd
• Desert Bloom Hydrogen - Aqua Aerem Pty Ltd
• HyperOne – HyperOne Pty Ltd
• Molyhil Tungsten and Molybdenum Project - Thor Energy PLC
• Mount Bundy Gold Project - Primary Gold Pty Ltd
• Speewah TIVAN + MASDP Project – Tivan Limited
• Mount Todd Gold Mine – Vista Gold Pty Ltd
• Nolans Project -  Arafura Rare Earths Pty Ltd
• Northcrest Real Estate Berrimah Project - Halikos Group Pty Ltd
• Petrel Gas Project – Neptune Energy Australia Pty Ltd
• Project Sea Dragon – Seafarms Group Ltd
• Tiwi H2 – Provaris Energy Ltd