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Roaring 40s ownership query  

Credit:  Sue Neales, The Mercury, www.themercury.com.au 12 April 2011 ~~

The Liberal Opposition has demanded to know if the State Government has already sold wind farming company Roaring 40s.

Liberal energy spokesman Matthew Groom told Parliament this morning that Hydro Tasmania appeared poised to enter into a new agreement to develop wind and solar energy resources in Tasmania with another Chinese company, as recently announced to the Hong Kong stock exchange.

Mr Groom, who worked for Roaring 40s before entering Parliament last year, asked Energy Minister Bryan Green if this meant the Government had already sold its remaining half share in Roaring 40s to its other joint owner, the Chinese Government.

Mr Green declined to answer, saying he would leave it up to Hydro Tasmania to make any announcements about Roaring 40s’ future.

“I understand exactly what is going on with relation to Hydro Tasmania’s joint venture opportunities and partnerships,” Mr Green said.

“But my discussions with Hydro Tasmania have been on commercial lines; I can’t divulge [the details].”

Mr Groom said this response was unsatisfactory, since Mr Green was the minister responsible for the shareholder interests of Tasmanian taxpayers in Roaring 40s.

He also asked what the impact of any sale of Roaring 40s would be on the long-awaited development of the $400 million Musselroe Bay wind farm in North-East Tasmania.

Source:  Sue Neales, The Mercury, www.themercury.com.au 12 April 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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