❓ Mr. Johnston asks about Verve Energy's financial security related to Mumbida Wind Farm. The Minister confirms Verve Energy has not provided any security or assets to the wind farm's debts.
AnsweredQoN 837Legislative Assembly
QuestionView source ↗
I refer to Mumbida Wind Farm Pty Ltd, and I ask: (a) has Verve Energy provided security to any debts held by Mumbida Wind Farm Pty Ltd and if so, what is the amount of this security; and (b) are there now, or has there previously been, any assets of Verve Energy subject to this security and if so, when and what assets?
AnswerView source ↗
Answered
1 August 2013
Responded by
Minister for Energy
Response time
35 days
(a) The Mumbida Wind Farm is project financed on a non recourse basis. Verve Energy has not provided any security to the debts associated with the joint venture.
(b) There are no Verve Energy assets that are subject to any securities associated with the Mumbida Wind Farm.
(b) There are no Verve Energy assets that are subject to any securities associated with the Mumbida Wind Farm.
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