Mt Cass Wind Farm
MainPower announced this week that it has started pre-construction site works for its $200 million Mt Cass Wind Farm project.
Given the scale of this project, the final decision to proceed with the Project, once the Company completes the pre-construction work, will require the approval of the Trust. The Trust expects to be considering its final decision mid 2020 if not a little earlier.
The Trust worked closely with the Company as the business case for the Project was developed and is pleased to support the work the Company is now doing to finalise the procurement of contractors and the funding for the Project and other matters material to the success of the Project.
At the centre of the Trust’s consideration of the Project is what is in the best interests of our qualifying customers who are the Trust’s beneficiaries.
We will provide further updates when we have received and considered the Company’s final recommendation on the Project, once it completes the pre-construction work.
2018 Capital Distribution Review Decision
FINAL DECISION OF TRUSTEES
At the public meeting held on 21 August 2018 the Capital Distribution Review Proposal to continue to hold 100% of the Trust capital was confirmed as the Review Decision.
Update to Trust Deed
A small amendment to the Trust Deed has been made. The new Trust Deed is available in the Library, as is a document detailing the various amendments to the Deed over the years.