Australian Energy Regulator determines Marinus cable and converter costs prudent and efficient.
Marinus Link Pty Ltd (MLPL) welcomes the positive assessment of the Marinus Link project’s forecast cable and converter expenditure in the Australian Energy Regulator’s (AER) Initial Draft Decision.
This Initial Draft Decision is a major step in the regulatory process, which ensures investment in Marinus Link is in the long-term interest of energy consumers in the National Electricity Market.
MLPL Chief Commercial Officer Prajit Parameswar thanked the AER for its detailed assessment and acknowledgement of the project’s thorough and competitive procurement.
“We are proud of our procurement processes for the cable and converter tenders, which included a sustained competitive tension and consistency with industry norms and government procurement requirements,” Mr Parameswar said.
“We are working collaboratively with the AER to ensure we can demonstrate the strategic, financial, and operational investment case for Stage 1 remains strong,” he said.
The AER will hold a ‘pre-determination’ public forum on the Initial Draft Decision on 27 May 2025. The purpose of this forum is for the AER to explain its Initial Draft Decision and to seek feedback from stakeholders.
MLPL will submit a revised Revenue Proposal in July, which will address the remainder of forecast capital expenditure relating to Marinus Link’s Balance of Works civil construction tender, risk allowance and support activities.