Home›Questions on Notice›QoN 3566

❓ Mr. Johnston questions the land ownership and rental arrangements of the Muja AB power plant between Synergy/Verve and Vinalco, revealing a nominal $10 annual lease payment. The question seeks transparency regarding the financial arrangements surrounding the Muja AB project.

AnsweredQoN 3566Legislative Assembly

Asked

19 February 2015

Member

Mr W.J. Johnston

Portfolio

Energy

QuestionView source ↗

I refer to Muja AB project, and specifically to page i of the Post completion review of the Muja AB Project dated 6 April 2014, which states (in part) “Synergy … contributing the existing Muja AB power station to the Project”, and I ask: (a) was the land on which the Muja AB plant is located transferred from (then) Verve (now Synergy) to Vinalco: (i) if yes, how much stamp duty was paid on this transfer and who paid this stamp duty; and (ii) if no, how much rental is paid, and has been paid, by Vinalco to Synergy (previously Verve) for the use of the land on which the Muja AB plant is located during the following financial years: (A) 2009–2010? (B) 2010–2011? (C) 2011–2012? (D) 2012–2013? (E) 2013–2014? (F) 2014–2015?

AnswerView source ↗

Answered

18 March 2015

Responded by

Minister for Energy

Response time

27 days

(a) No
(i) NA
(ii) (A) Nil
(B) $10
(C) $10
(D) $10
(E) $10
(F) $10
NOTE: Synergy has signed a 'Land, Plant and Lease Agreement' with Vinalco Energy Pty Ltd as a Trustee for Vinalco Energy Trust. Under this agreement, Vinalco Energy Trust pays a lease rent of $10 p.a. for a duration of 15 years starting 2010.

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