As part of its application, Marinus Link Pty Ltd is seeking to recover $128.9 million in revenue to deliver proposed early works. This includes landowner and community engagement, land and easement acquisition, environment impact assessments, technical design, procurement, and project management.
Total expenditure for early works activities is $196.5 million, partially covered by grant funding, with the remainder $128.9 million subject to the early works revenue application.
The Australian Energy Regulator’s (AER) role is to review the reasonableness of the proposed costs within the stage 1 – part A application to ensure consumers pay no more than necessary. The AER expects to make a decision on the application in December 2023.
Marinus Link will later submit a stage 1 – part B application seeking to recover revenue for construction and implementation costs, once a final cost estimate is available and subject to the project completing the Australian Energy Market Operator’s (AEMO) Integrated System Plan (ISP) feedback loop process.
The staged approach has been adopted to reduce project uncertainty and identify project risks.
The AER said it will welcome submissions from interested stakeholders on the stage 1 – part A early works application for the Marinus Link interconnector by 15 September 2023. Written submissions or requests to make a submission via alternative methods should be emailed to ResetCoord@aer.gov.au.
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