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Doubt over loan deal for South Australia mega-battery project

Mon, 04/09/2018 - 11:19 -- John Shepherd
Doubt over loan deal for South Australia mega-battery project

Plans for a 120MW battery storage project in South Australia could be in doubt— with a pre-election loan for the scheme awarded by the outgoing state government possibly under review by the new administration.

Former state premier Jay Weatherill approved the AUD10 million loan for the project by Australia’s ZEN Energy— part of the GFG Alliance business empire of British billionaire Sanjeev Gupta (pictured)— hours before Weatherill’s Labor Party lost power on 17 March to the opposition Liberals.

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