TVN 7.84% 5.5¢ tivan limited

Media mention on ABC

  1. 569 Posts.
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    Good work Grant, pushing the company via the ABC for the Sun Cable article.
    https://www.abc.net.au/news/2023-05-26/sun-cable-mike-cannon-bookes-andrew-forrest-decision/102396072
    What does this mean for local supply of solar? Much of the focus on Sun Cable to date has been on its plan to export power to Singapore to supply up to 15 per cent of the island nation's energy needs. However, it also planned to supply a chunk of solar energy to the Northern Territory, provisionally reported as around 800 megawatts. Critical minerals company Tivan signed a non-binding deal with Sun Cable earlier this year, while it was still in administration, to take some of its solar energy in Darwin.Tivan wants to mine critical minerals in Australia and process some of them at a development precinct proposed by the NT Government at a site in Middle Arm.Tivan's executive chair Grant Wilson said it hoped to take 200-300MW of solar energy from Sun Cable to power its proposed Middle Arm site. "We're happy to work with either party," Mr Wilson said ahead of the announcement, but added the deal may need to be re-negotiated if there was a change of management or board structure. Grant Wilson said his critical minerals company, Tivan, was hoping to secure some of Sun Cable's energy.(ABC News: Dane Hirst)Mr Forrest's Squadron had been voicing concern about Sun Cable's management before the administration. Sun Cable was approached for comment about its board's futurism Wilson said if today's decision meant they could not access Sun Cable's solar power, they would seek to get renewable energy elsewhere to offset production, and even floated the idea of accessing electricity from beleaguered NT solar farms not yet connected to the grid."It's a decision for Sun Cable. We just want to see the project go ahead," he said. "Because Sun Cable is such a mega project, they're able to offer the lowest price [for the solar] because of the economies of scale."
    Very curious about the advisory group, wonder why it required a trading halt and is market sensitive?
    Last edited by RabbitTrap: 26/05/23
 
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