Sun Cable signs agreement to facilitate USD16.7 billion Power link project in Australia
Sun Cable and the Northern Territory Government (NTG) signed a milestone agreement to facilitate the Australia-ASEAN Power Link (AAPL), that will see the Territory host one of the world’s largest renewable energy systems.
The project includes a solar and storage precinct near Elliott, in the Barkly Region, high voltage direct current (HVDC) transmission connecting the precinct to the Darwin-Katherine Interconnected System (DKIS) and proposed Middle Arm Battery and a HVDC submarine link to Singapore.
The 70-year, AU$22 billion (USD16.7 billion) project will create about 1500 jobs during construction and 350 jobs during operations, as well as over AU$1 billion (USD760 million) in exports.
Sun Cable today signed a Project Development Agreement with the Northern Territory Government that recognises the AAPL’s Major Project Status. The company will prepare a Territory Benefits Plan, including an Aboriginal workforce development plan and local participation strategy to maximise local jobs and procurement.
The company has engaged Darwin company EcOz to prepare its Environmental Impact Statement for the project. The project has drawn on the services of another dozen Territory companies, covering environmental services, ecological and geotechnical surveys, architecture, legal, strategic communication and maintenance.
The company expects AAPL’s financial close to be in late 2023, with first electricity to Darwin by 2026 and Singapore from 2027.
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