under the terms of the ALDP two men have the ultimate and final say about where the $90 million ends up - Commonwealth Govt Resources Minister Ferguson, and Viv Govt Resources Minister O'Brien.
Here's what they have said on the record about the BCP:
'If Exergen gets it right, then we guarantee our future economically, whilst also creating new export opportunities in terms of the potential export of brown coal, whilst at the same time securing reliable power for Victoria.'
'Full due diligence will be undertaken on RFP submissions and the IAP will make recommendations for project funding to the Victorian Minister for Energy and Resources and the Australian Minister for Resources and Energy in June 2013.'
The Federal Minister for Resources and Energy and the Minister for Energy and Resources Victoria are responsible for the ALDP Program and are the final decision makers in relation to the selection of successful projects.'
MNM Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held