Mr Johnston questions capital contributions to Mumbida Wind Farm Pty Ltd beyond Verve Energy. The Minister provides details of investments from Reload Windfarm Pty Ltd and EIT Mumbida Windfarm Pty Ltd and clarifies that Verve Energy equity accounts for the wind farm's financial results.

AnsweredQoN 932Legislative Assembly
Asked
27 June 2013
Portfolio
Energy

QuestionView source ↗

(1) I refer to Mumbida Wind Farm Pty Ltd, and I ask, has any capital been paid into Mumbida Wind Farm Pty Ltd by any entity other than Verve Energy and if so: (a) on what dates; (b) in what amounts; and (c) by whom? (2) Will the Government require Verve Energy to publish the accounts of Mumbida Wind Farm Pty Ltd, and if not why not?

AnswerView source ↗

Answered
1 August 2013
Responded by
Minister for Energy
Response time
35 days
(1) Verve Energy and its joint venture partner hold shares in Mumbida Wind Farm Holdings Pty Ltd which in turn holds all the shares in Mumbida Wind Farm Pty Ltd; Mumbida Wind Farm Pty Ltd owns and operates the Mumbida windfarm (collectively referred to as the
"
Mumbida Group"
).
(a)-(c)
Between the dates of 18 May 2011 and 12 January 2012 Reload Windfarm Pty Ltd (MacQuarie Group) $10,425,572.49
Between dates of 14 February 2012 and 11 December 2012 EIT Mumbida Windfarm Pty Ltd (Infrastructure Capital Group) $14,038,143.96
(2) Mumbida Wind Farm Holdings Pty Ltd is a private company which prepares financial statements in accordance with the relevant accounting standards. Verve Energy equity accounts for these results in its Financial Statements.

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