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Job losses likely as wind farm owners split
Credit: ABC News, www.abc.net.au 19 April 2011 ~~
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Translate: FROM English | TO English
Hydro Tasmania is to end its Roaring 40s wind farm development joint venture with China Light and Power.
Under the agreement it is proposed Roaring 40s wind farm assets will be divided.
Hydro Tasmania says there will be some redundancies as result of the announcement.
Chief executive Roy Adair says the state-owned company remains committed to developing the Musselroe wind farm.
He hopes construction will start on the project this year.
The split will require approval from the Australian Competition and Consumer Commission and the Foreign Investment Review Board.
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