• About
  • Advertise
  • Subscribe
  • Contact
  • Events
Monday, July 14, 2025
Newsletter
SUBSCRIBE
  • News
    • Open tenders and opportunities
    • Contracts and tenders awarded
  • Technical
    • Standards
  • Pump school
    • Ask an Expert
  • Sectors
    • LNG
    • Coal Seam Gas (CSG)
    • Building Services
    • Energy Efficiency
    • Valves
    • Reliability
    • Chemicals and plastics
    • Irrigation
    • Mining
    • Water & wastewater
  • Magazine
  • Capability Guide
No Results
View All Results
  • News
    • Open tenders and opportunities
    • Contracts and tenders awarded
  • Technical
    • Standards
  • Pump school
    • Ask an Expert
  • Sectors
    • LNG
    • Coal Seam Gas (CSG)
    • Building Services
    • Energy Efficiency
    • Valves
    • Reliability
    • Chemicals and plastics
    • Irrigation
    • Mining
    • Water & wastewater
  • Magazine
  • Capability Guide
No Results
View All Results
Home

$516 million concessional funding for Kidston Stage 2

by Pumps Journalist
June 20, 2018
in News, Power Generation, Projects
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter

Genex Power has announced that the Northern Australian Infrastructure Facility (NAIF) Board will support the Kidston Stage Two Project through the provision of an indicative term sheet for a long-term concessional NAIF debt facility for up to $516 million.

James Harding, CEO of Genex, was please with the development.

“Genex is very pleased to work with NAIF in the development of the Kidston Stage Two Project. The issuance of the Term Sheet and NAIF’s support to negotiate the detailed terms of a long tenor, concessional loan which would secure the bulk of the project debt funding, is a significant milestone in the development of the project.”

Laurie Walker, CEO of NAIF, said that it was a good investment for the organisation.

“NAIF sees the project as important for the transition of the market to lower emission renewable energy sources, and the Board’s preparedness to consider a capital commitment of the size referred to in this announcement reflects the alignment of this type of project with NAIF’s objective to contribute to the transformation of Northern Australia through infrastructure development,” Ms Walker said.

The NAIF Term Sheet provides for a secured, long tenor subordinated loan of up to $516 million to the project, and is subject to a number of conditions and customary terms for a project financing term sheet.

Provisions include:

  • Negotiating offtake arrangements and grid connection for energy and dispatch rights for the project to the satisfaction of NAIF
  • Concluding a cost benefit analysis in accordance with the provisions of the NAIF Investment Mandate which will be important in determining the level of concessionality that the NAIF can offer the project
  • Finalising terms for senior debt funding
  • Securing the balance of equity funding from an acceptable equity partner
  • Due diligence on a range of project matters
  • Negotiation and execution of project and facility documentation
  • Final NAIF credit approval, and Board Investment Decision

Each of these conditions, including key project elements which need to be further developed, will need to be satisfied and due diligence completed prior to the NAIF Board making an investment decision.

Find Power Generation Related Companies In The Pump Industry Capability Guide


Regal Rexnord IPS (Oceania)
Brown Brothers Engineers Australia
SEEPEX Australia

Related Posts

Grundfos has agreed to acquire US water and wastewater treatment solutions company Newterra from the private equity firm Frontenac.

Grundfos gets bigger with water treatment solutions firm acquisition

by Chris Edwards
July 14, 2025

Grundfos has agreed to acquire US water and wastewater treatment solutions company Newterra from the private equity firm Frontenac. Pittsburgh-based...

This new range of AI-powered HVAC systems has the backing of a South Korean conglomerate and will continually improve.

AI engine driving intelligent and energy-efficient HVAC systems

by Chris Edwards
July 14, 2025

LG Electronics (LG) has launched the Multi V i Variable Refrigerant Flow (VRF) solution in Australia, setting a new standard...

Asia Pacific’s International Mining Exhibition (AIMEX) 2025 offers pump suppliers a vital opportunity to engage with mining leaders.

Automation in mining pumps: Why AIMEX 2025 matters

by Chris Edwards
July 11, 2025

Automation is transforming pump performance and maintenance in Australia’s mining industry. Asia Pacific’s International Mining Exhibition (AIMEX) 2025 offers pump...

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Pump Industry is Australia’s only dedicated pump magazine and is produced by Prime Creative Media in cooperation with Pump Industry Australia (PIA).

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Pump Industry

  • About
  • Advertise
  • Subscribe
  • Magazine
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Spotlight
  • Pump school
  • Water & wastewater
  • Irrigation

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
    • Open tenders and opportunities
    • Contracts and tenders awarded
  • Technical
    • Standards
  • Pump school
    • Ask an Expert
  • Sectors
    • LNG
    • Coal Seam Gas (CSG)
    • Building Services
    • Energy Efficiency
    • Valves
    • Reliability
    • Chemicals and plastics
    • Irrigation
    • Mining
    • Water & wastewater
  • Magazine
  • Capability Guide
  • About
  • Advertise
  • Subscribe
  • Contact
  • Events

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited