Hydro Tasmania confirms it has terminated the Basslink Services Agreement (BSA) as announced by the Minister for Energy and Emissions Reduction today. 

Hydro Tasmania remains willing to discuss with receivers an alternative commercial model that could include key elements of the BSA, that would provide funding during the receivership and help transition the asset to an alternative commercial model. 

Consistent with this Hydro Tasmania has made a good faith offer to the Receivers for an interim arrangement, under which the key elements of the BSA would be put back in place for one month whilst the parties discuss possible alternative arrangements.

ENDS.