ASSET DESCRIPTION
- 82 MW peaking plant located in Merredin, 240km east of Perth, WA
- 2 open cycle gas turbines connected to South West Interconnect System (South-West WA)
- 46.7% equity interest
- Board representation
INVESTMENT FUNDAMENTALS
- Commercial operations commenced September 2012
- Revenues from capacity credits payable by WA Government Independent Market Operator
- Minimal revenues earned from energy sales only when system demands are high
- Potential to expand to 120MW
KEY RISKS AND MITIGATION
- Revenue subject to regulatory risk
- Ongoing asset management by Palisade Integrated Management Services (PIMS)
- Refinancing risk mitigated through conservative gearing and 10 year financing
Visit the Merredin Energy website
