White & Case Advises AusNet Services Group on Bid for Western Victoria Transmission Network Project Assets
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Global law firm White & Case LLP has advised AusNet Services Group on its bid to the Australian Energy Market Operator (AEMO) to build, own and operate the contestable assets for the Western Victoria Transmission Network Project (WVTNP).
"The WVTNP consists of multiple aspects including, planning and approvals, land assembly and design and construction" said White & Case partner Michelle Keen, who co-led the Firm's deal team. "The White & Case and AusNet Services teams worked collaboratively across each workstream to present an integrated, comprehensive and detailed bid."
The contestable assets include a new North Ballarat terminal station, connected to the Bulgana terminal station by a new 110km 220kV transmission line, and to Sydenham terminal station by a new 80km 500kV transmission line. At the completion of the project, AusNet Services Group will receive long-term fixed payments, escalated annually, for providing these infrastructure services over approximately 30 year terms.
"This is a critical piece of infrastructure as Victoria transitions towards a new energy mix," said White & Case partner Josh Sgro, who co-led the Firm's deal team. "The Australian electricity market is undergoing profound change and the WVTNP will support the continued investment in renewable energy projects across Western Victoria."
The White & Case team in Melbourne that advised on the transaction was led by partners Josh Sgro, Michelle Keen and Jared Muller supported by associates Mai Kuroda, Amanda Osuchowski, Bryce Paterson, Irene Argeres, Barnaby Matthews, Ostiane Goh-Livorness, Sarah Oh and Yushu Xie.
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