Assets

 

Energy Infrastructure Trust (EIT)

 

Mumbida Wind Farm

Location: Western Australia
Description: 22 turbine, 55MW wind farm, underpinned by a 15 year 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 of 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 has a 100% interest in Stadium Australia (NSW Government Receivable) and 100% interest in VenuesLive (residual holding from sale of Stadium Australia)

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, Melbourne 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.