“NAIF investments can support bringing new capacity online either through the construction of new infrastructure or by materially enhancing existing infrastructure.”
It could be very much more, Genex Power has conditional approval for up to $610 million for it’s pumped hydro energy storage project in North Queensland.
A loan underwritten by the Federal Government is about as solid as it comes. Furthermore, the concessionality of the loan means that TNG would probably not start paying off the loan until they are cashflow positive. NAÏF loans can extend out to thirty years (at the lowest interest rates available).
The quote above suggests that there is a lot of flexibility as to what infrastructure will qualify for funding.
https://au.finance.yahoo.com/amphtml/news/genex-power-ltd-asx-gnx-225000634.html
Ann: TNG Signs Binding Terms with Vimson for 100% Iron Off-take, page-35
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