VINCI awarded a commitment deed contract for a major PPP contract of high voltage transmission lines in Australia
20 Dezember 2023 - 5:45PM
VINCI awarded a commitment deed contract for a major PPP contract
of high voltage transmission lines in Australia
Nanterre, 20 December 2023
VINCI awarded a commitment deed contract
for a major PPP contract of high voltage transmission lines in
Australia
- PPP for HV electrical transmission
lines and other electrical assets, part of one of the first
Renewable Energy Zones (REZ) in New South Wales
- Cobra IS, shareholder of the future
PPP’s SPV (Special Purpose Vehicle) and in charge of the works
The consortium ACEREZ, made up of VINCI through
its subsidiary Cobra IS, Acciona and the local energy distributor
Endeavour Energy, has signed with the New South Wales (NSW)
Government a commitment deed contract for a 35-year major
public-private partnership (PPP).
The financial closing is expected in the second
half of 2024, following the completion of the regulatory
approvals.
This PPP consists of the financing, conception,
construction, operation and maintenance of several 330 kV and
500 kV transmission lines, substations and the connecting
infrastructure to some renewable energy plants (4,5 GW
capacity).
Engineering works are scheduled to start in
early 2024, while the electrical network is expected to be
progressively operational from the third quarter of 2027.
This project is included into the large and
ambitious framework of one of the first Renewable Energy Zones
(REZ) chosen by the NSW Government to encourage investment in
renewable energy production and storage.
This 4,5 GW REZ will supply more than 2.7
million people in the Orana region, surrounding the cities of Dubbo
and Dunedoo. In total, this 10 billion Australian dollars framework
(6.15 billion euros), fully financed by private investors by 2030,
will create around 5,000 construction jobs.
Cobra IS, which has already won several
contracts of the same type, notably in Brazil, is now deploying its
expertise in the promising Australian market.
About VINCIVINCI is a global player in
concessions, energy and construction, employing 272,000 people in
more than 120 countries. We design, finance, build and operate
infrastructure and facilities that help improve daily life and
mobility for all. Because we believe in all-round performance,
above and beyond economic and financial results, we are committed
to operating in an environmentally and socially responsible manner.
And because our projects are in the public interest, we consider
that reaching out to all our stakeholders and engaging in dialogue
with them is essential in the conduct of our business activities.
VINCI’s ambition is to create long-term value for its customers,
shareholders, employees, partners and society in general.
www.vinci.com
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI_Cobra_ transmission lines Australia_20231220_VA
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