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IEA Bamarang Acquisition
14 Feb 2011
Infratil Energy Australia is pleased to announce that it has been successful in the acquisition of the Bamarang generation development site for A$9million. Bamarang was one of the sites on offer as part of the first tranche of NSW Energy Industry Reform.
The Bamarang site is located approximately 160km South of Sydney. It is considered a quality site for the development of a gas fired power plant given its close proximity to gas and water supply pipelines, the high voltage transmission network and project approvals already in place for gas turbines with capacity up to 450MW.
Infratil Energy Australia CEO Darryl Flukes said “Infratil is pleased to obtain this site in its portfolio. It will continue to support the growth of Infratil’s retail business – Lumo Energy”.
Infratil Energy Australia currently has around 280MW of generation capacity spread across NSW, South Australia and Western Australia. Infratil’s retail businesses, Lumo Energy and Perth Energy, account for around 420,000 customers.