Basslink voluntary administration

Media releases 12 Nov, 2021
Hydro Tasmania is aware of the announcement by Keppel Infrastructure Trust and Basslink interconnector continues to operate through this process.

Hydro Tasmania is aware of the announcement by Keppel Infrastructure Trust today that Basslink Pty Ltd (BPL) and related entities have entered voluntary administration.

Under the Basslink contracts there is a framework which enables the Basslink interconnector to continue to operate through this process.

Hydro Tasmania’s energy in storage is at 52.6 per cent, which is a very secure position, well above the High Reliability Level.

 

~ENDS~

Released for Hydro Tasmania by Cassandra Leigh / 0409 722 359 / media@hydro.com.au