Published by: Pipeliner.com.au
3 September, 2020
Funds from the latest Northern Australia Infrastructure Facility (NAIF) loan will help construct a new gas power plant in Darwin.
The $37 million loan to investment manager Merricks Capital will help fund the Hudson Creek Power Station – a 12 MW gas power plant in Darwin – along with a solar farm.
Northern Territory electricity retailer Rimfire will use the power from the new facilities for a large portion of its future electricity generation needs in a move NAIF said will improve the efficiency of the region’s gas generation infrastructure.
NAIF CEO Chris Wade said it was an exciting time for development in the NT.