Firm: Gilbert + Tobin (Veolia Water Australia Pty Ltd and Infrastructure Capital Group)
Deal: Veolia and ICG have been advised on its successful bid to build, finance and operate a water treatment plant for the Springvale mine and Mt Piper power station.
Value: $200 million
Area: Banking and finance, projects, infrastructure
Key players: The Gilbert + Tobin legal team was led by partner Alexander Danne, with assistance from partners Amanda Hempel, Deborah Johns, Alex Kauye and Andrew Floro, senior construction counsel Penny Swain, special counsel Ben Fuller and lawyers Daniel Yim, Sachini Mandawala, Colby List, Lindsay Crawford, James Marburg, Andrew Kourpanidis, Nick Madders, Alastair McDonald, Julia Scott, Jo Bayes, Rob Sinni, Ghassan Kassisieh and Tanja Mikulic.
Deal significance: The water treatment plant is located near Lithgow, NSW.
According to a statement from Gilbert + Tobin, the water treatment plant will improve the environmental outcome of the Centennial Coal and SK KORES owned mine, and is vital to the future operations of EnergyAustralia’s Mt Piper Power Station which can supply up to 15 per cent of New South Wales’ electricity demand.
“A key piece of regional infrastructure, the plant will see the construction of a pipeline to divert water discharged from the Springvale Mine away from the Coxs River and avoid mine water being released into Sydney’s drinking water catchment,” the statement explained.
Commenting further on the transaction, lead partner Alexander Danne said: “We are delighted to have assisted Veolia and ICG with this successful structured infrastructure transaction”.
“The construction and operation of the water treatment facility ensure reliable base load power supply for New South Wales, and will also deliver positive benefits for the environment and the quality of Sydney’s drinking water,” he said.