Assets

 

Energy Infrastructure Trust (EIT)

 

Mumbida Wind Farm

Location: Western Australia
Description: 22 turbine, 55MW wind farm, underpinned by a long term offtake agreement with Water Corporation, backed by Western Australian Government.
Ownership: EIT has a 100% stake.
Date of Investment: 2012, 2016

Newcastle Coal Infrastructure Group (NCIG)

Location: Newcastle, New South Wales
Description: NCIG owns and operates a 66mtpa coal export terminal. It was formed in 2004 to alleviate infrastructure shortages in the Newcastle region. Today, NCIG has long-term ship-or-pay agreements with major coal producers in the region.
Ownership: EIT is invested via Hunter Infrastructure Perpetual Redeemable Securities (HIPRS), which are perpetual preference securities.
Date of Investment: 2008, 2010

Flinders Ports

Location: South Australia
Description: Flinders Ports owns and operates seven commercial ports in South Australia, including Port Adelaide, Port Lincoln, Port Giles, Klein Point, Thevenard and Port Pirie. The port has a diverse customer base across bulk goods and containerised freight. Flinders Ports handles over 90% of South Australia’s exports. The port is under a 99-year lease with the South Australian Government.
Ownership: EIT has a minority interest in Flinders Ports. Collectively, EIT and DIT are the largest investors in Flinders Ports, with a 29% stake.
Date of Investment: 2011

Esperance Energy Project

Location: Western Australia
Description: 336km natural gas pipeline from Kambalda to Esperance and a 38.5MW power station. Long-term inflation-linked power purchase and gas transportation agreements with WA Government entities, Horizon Power and Esperance Port Authority.
Ownership: EIT has a 100% stake.
Date of Investment: 2003, 2009

Wattle Point Wind Farm

Location: South Australia
Description: 91MW wind farm in South Australia’s Yorke Peninsula. Output is contracted under a 25-year offtake agreement with AGL. No wind generation or operational risk.
Ownership: EIT has a 100% stake.
Date of Investment: 2007

Kwinana Power Station

Location: Western Australia
Description: 320MW combined cycle power station. Generation output is contracted under a 25-year offtake agreement covering 97% of its capacity, with Synergy, owned by the WA Government.
Ownership: EIT has a 50% stake.
Date of Investment: 2007, 2010

Neerabup Power Station

Location: Western Australia
Description: 330MW open-cycle gas-fired power station. Generation output is contracted under a 20-year power purchase agreement with Synergy, owned by the WA Government. Payments are based on capacity and availability of the power station.
Ownership: EIT has a 50% stake.
Date of Investment: 2008, 2009

Gas Pipelines Victoria

Location: Victoria
Description: Carisbrook to Horsham gas transmission pipeline, which provides high pressure natural gas to end-customers in Ararat, Stawell and Horsham. Has a gas transportation agreement with EnergyAustralia, with over 95% of revenues derived from fixed capacity ‘availability’ charges, which are inflation-linked.
Ownership: EIT has a 100% stake.
Date of Investment: 2003

Hallett Hill 2 Wind Farm

Location: South Australia
Description: 71MW wind farm, underpinned by a 25-year offtake agreement with AGL. No wind generation or operational risk.
Ownership: EIT has a 100% stake.
Date of Investment: 2008

Hallett 4 Wind Farm

Location: South Australia
Description: 63 turbine, 132.31MW wind farm, underpinned by a 25-year offtake agreement with AGL. No wind generation or operational risk.
Ownership: EIT has a 39.9% stake.
Date of Investment: 2015

Bald Hills Wind Farm

BaldHills_Small
Location: Victoria
Description: 52 turbine, 106.6MW wind farm, underpinned by a 15-year inflation-linked bundled offtake agreement with Alinta Energy.
Ownership: EIT has a 100% stake.
Date of Investment: 2017

 

Diversified Infrastructure Trust (DIT)

 

Stadium Australia (NSW Government Receivable)

Location: Sydney, New South Wales
Description: Second largest sports stadium in Australia, with a crowd capacity of 83,500. The stadium was purpose-built for the Sydney 2000 Olympic Games, and its revenues are underpinned by long-term contracts with event hirers and the major sporting codes.

Ownership: DIT sold its 100% interest in Stadium Australia (and operations manager, VenuesLive) in 2016, and now holds a NSW Government Receivable following the sale.

Date of Investment: 2007

Newcastle Coal Infrastructure Group (NCIG)

Location: Newcastle, New South Wales
Description: NCIG owns and operates a 66mtpa coal export terminal. It was formed in 2004 to alleviate infrastructure shortages in the Newcastle region. Today, NCIG has long-term ship-or-pay agreements with major coal producers in the region.
Ownership: DIT is invested via Hunter Infrastructure Perpetual Redeemable Securities (HIPRS), which are perpetual preference securities.
Revenue/Offtake: Long-term ship-or-pay agreements with major coal producers in the region
Date of Investment: 2008, 2010

Flinders Ports

Location: South Australia
Description: Flinders Ports owns and operates seven commercial ports in South Australia, including Port Adelaide, Port Lincoln, Port Giles, Klein Point, Thevenard and Port Pirie. The port has a diverse customer base across bulk goods and containerised freight. Flinders Ports handles over 90% of South Australia’s exports. The port is under a 99-year lease with the South Australian Government.
Ownership: DIT has a minority interest in Flinders Ports. Collectively, EIT and DIT are the largest investors in Flinders Ports, with a 29% stake.
Date of Investment: 2010, 2011, 2013

Port Hedland International Airport

Location: Western Australia
Description: Port Hedland International Airport acts as the gateway to Western Australia’s North West and the Pilbara region. The airport handles 70 flights a week, with flights daily to Perth and weekly to Brisbane and Bali.
Ownership: DIT has a 50% stake
Date of Investment: 2015

Energy Infrastructure Trust (EIT)

EIT is an open ended unlisted unit trust that invests in energy-related utility and infrastructure assets with strong predictable cash flow and attractive risk adjusted returns. DIT takes it exposure to the energy sector predominately via an investment in EIT.

Springvale Water Treatment Plant

Location: New South Wales
Description: Springvale Water Treatment Plant is being built under a 15 year Build Own Operate and Transfer contract with Energy Australia and the Springvale Joint Venture. Leading water specialist, Veolia, will undertake the Design and Construction, and Operations and Maintenance roles. Construction is expected to be completed in 2019. The project consists of a 15km water transfer pipeline and a water treatment facility that can process up to 42 megalitres of water per day. Payments are based on the availability of the water treatment plant.
Ownership: DIT has a 75% stake
Date of Investment: 2017