Marinus Link welcomes a positive Final Investment Decision
Marinus Link Pty Ltd (MLPL) warmly welcomes the announcements today by its shareholders that they have made a Final Investment Decision to proceed with Stage 1 of Marinus Link.
The decision confirms that there is a sound financial and economic investment case for proceeding with the construction phase of Marinus Link Stage 1, based on an assessment of forecast costs, revenue, associated benefits, and risks.
MLPL CEO Stephanie McGregor said Marinus Link’s legacy has been cemented in Australia’s energy system, economy and climate aspirations.
“The coming together of three jurisdictions demonstrates Marinus Link’s truly national significance and benefit across the National Electricity Market, as well as directly to communities in Tasmania and Victoria,” Ms McGregor said.
“This marks our shareholders’ green light for the Marinus Link project.”
“Everyone who has worked on Marinus Link from conception to now deserves credit for this historic achievement and should be incredibly proud. Your conviction will change the course of a nation.”
“MLPL would like to thank the many community members, organisations, and industry and business leaders who have openly engaged with our organisation and people throughout this journey.”
“We will continue to engage regularly with the communities and landholders along the project alignment before construction commences, which is planned for 2026.”
Marinus Link is expected to provide substantial consumer benefits resulting from reductions to wholesale electricity prices across the National Electricity Market.
Construction is expected to commence in 2026, subject to final environmental and regulatory approvals. Stage 1 is scheduled for completion by 2030.
MLPL is jointly owned by the Commonwealth of Australia, the State of Tasmania and the State of Victoria. MLPL is responsible for progressing the Marinus Link interconnector project.
