joint venture

wow... Thats Aight.

The W.A. State Budget delivered by Premier Barnett on 20 May 20101 again defers the extension of stage 1 of the North Country electricity 330 kV line reinforcement for a third time. Instead the WA government has made a provisional allocation subject to “final regulatory approvals and a government review of the business case”. The budget has provisioned $47.1 million for 2010-2011, $244 million in 2011-2012 and $27.8 million in 2012-20132. The requirement of a suitable business case and the classification „provision? pushes this transmission extension out yet another year. This deferral places ENB in an optimal position to deliver the Centauri 1 Power station project which can be built and transmit energy direct to iron ore mining locations within a 14 month period upon conclusion of a firm energy off-take agreement.