batteries, pumped hydro, mobile towers and subsea data cables...
stated 5% target of pipeline into storage for Galileo and Longroad looks to be implementing batteries into future projects as well...
I agree with this.
Looking at the EBITA contributions - supports the suggestion of a strategic review of TLT... low contribution for a high capital investment... with spot price depression occurring in Australia (this problem is not present in NZ: https://www.emi.ea.govt.nz/Wholesale/Reports/W_P_C?_rsdr=L364D&DateFrom=20200216&DateTo=20210215&_si=v|3) - I cannot see TLTs contribution changing in the NT - MT... possible increase in capital growth as pipeline is developed surely... but will this growth match the IFT stated intention of double digits working forward???
The sale (or at least partial - to maintain 51% ownership) of TLT would certainly provide working capital for future capital intensive infrastructure investments.
IFT Price at posting:
$6.94 Sentiment: Buy Disclosure: Held
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