❓ Hon. Kate Doust questions the Minister for Energy regarding Synergy's increased payments to Yancoal and a potential equity stake in Yancoal's WA assets. The Minister confirms the equity stake possibility but cites commercial confidentiality for further details.
AnsweredQoN 1139Legislative Council
QuestionView source ↗
YANCOAL —
SYNERGY
1139. Hon KATE DOUST to the
Leader of the House representing the Minister for Energy:
I refer to the decision to increase the payments by Synergy to Yancoal.
(1) Can the Minister for Energy confirm that
the renegotiated contract allows for an equity stake to be taken in Yancoal's
Western Australian assets?
(2) Under what circumstances will an equity
stake be taken?
(3) Will the equity stake require payments
beyond the contract price for purchasing coal?
(4) Has the government or Synergy paid any
money already in respect of the right or option to take an equity stake; and,
if so, how much has this payment been?
SYNERGY
1139. Hon KATE DOUST to the
Leader of the House representing the Minister for Energy:
I refer to the decision to increase the payments by Synergy to Yancoal.
(1) Can the Minister for Energy confirm that
the renegotiated contract allows for an equity stake to be taken in Yancoal's
Western Australian assets?
(2) Under what circumstances will an equity
stake be taken?
(3) Will the equity stake require payments
beyond the contract price for purchasing coal?
(4) Has the government or Synergy paid any
money already in respect of the right or option to take an equity stake; and,
if so, how much has this payment been?
AnswerView source ↗
I thank the honourable member for some notice of the question.
(1) Yes.
(2)–(4) The terms and conditions of the renegotiated
supply agreement are commercial-in-confidence and therefore are matters between
the counterparties.
(1) Yes.
(2)–(4) The terms and conditions of the renegotiated
supply agreement are commercial-in-confidence and therefore are matters between
the counterparties.
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