Second Basslink Interconnector
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
TasNetworks is presently undertaking a $20 million business case study into a second Bass Strait electricity interconnector (Marinus Link) with assistance from the Federal Government's Australian Renewable Energy Agency (ARENA). ARENA and TasNetworks announced the joint funding agreement in November 2017.
The business case follows the Tamblyn Review, which was a study into the feasibility of a second Tasmanian interconnector, released in April 2017.
Preliminary findings by Hydro Tasmania indicate a second interconnector would enable Tasmania to expand its wind and hydro capabilities, adding additional power to the National Electricity Market (NEM).
The business case study will examine and finalise the preferred route, optimum size, cost estimate, revenue investment test and financial model for a second interconnector between Tasmania and Victoria.
In July 2018, TasNetworks released the Project Specification Consultation Report for public consultation, which examines the case for further interconnection between Tasmania and Victoria. The document applies the regulatory test for transmission (RIT-T) process to determine whether the project is in the long-term interest of customers.
The project is included under the broader National Electricty Market, which Infrastructure Australia identifies as a HIgh Priority Initative on its Infrastructure Priority List. The project was previously listed a Priority Initiative of long term (10-15 years) importance.
Last reviewed: 15/02/2019