Vinci and Acciona in PPP deal on €6.2bn electrical transmission infrastructure framework

Image: Cobra IS

Vinci’s subsidiary Cobra IS and Acciona have won a deal for a 35-year public-private partnership on a €6.2 billion electrical transmission infrastructure framework in Australia.

The consortium ACEREZ, which also involves local energy distributor Endeavour Energy, has signed a commitment deed with the New South Wales (NSW) government for a 35-year deal.

Under the terms of the deal, ACEREZ will finance, conceive, construct, operate and maintain several 330 kV and 500kV transmission lines, substations and the connecting infrastructure to renewable energy plants (4.5GW capacity).

Engineering works will start in early 2024, while the electrical network is expected to be progressively operational from the third quarter of 2027.

This project is included in one of the first Renewable Energy Zones (REZ) chosen by the NSW Government to encourage investment in renewable energy production and storage.

This 4,5 GW REZ will supply more than 2.7 million people in the Orana region, surrounding the cities of Dubbo and Dunedoo.

In total, the A$10 billion framework (€6.2bn), fully financed by private investors by 2030, will create around 5,000 construction jobs.