Transfield Services adds to its wind farm development portfolio

17 August 2009

Transfield Services has signed a Memorandum of Understanding (MOU) with Port Bajool Pty Ltd for the joint development rights of the Arriga Wind Farm near Mareeba in North Queensland, Australia. Both parties will contribute equally to the development with TSI Fund having the first right of refusal at the time of financial close.

Under this arrangement, Transfield Services will project manage the development of the 2,700 hectare site owned by Port Bajool, which could support a wind farm with an installed capacity of around 130 megawatts.

Transfield Services’ Managing Director and CEO, Dr Peter Goode, said today: “Our project development and management capabilities will deliver another renewable energy asset.”

“We look forward to working with Port Bajool to add considerable value to the site,” Dr Goode said.

Transfield Services recently sold two of its wind farm developments, consisting of the Barn Hill Wind Farm development project and the Crows Nest Wind Farm development site to AGL for $9 million. Transfield Services took the Barn Hill site from concept phase, right through the feasibility, planning and approvals process.

Transfield Services’ portfolio for the development rights of 12 wind farms has the potential to boost Australia’s renewable energy capacity by more than 1,000 megawatts.

Transfield Services is also in the process of developing the near by High Road Wind Farm site which has a potential capacity of around 50 megawatts.

 

Port Bajool Pty Ltd is a well regarded North Queensland commercial and residential property developer, with more than twenty years experience in the field. www.portbajool.com.au



Investor Enquiries

Nick Sutherland
General Manager Tax & Treasury
Ph +61 2 9464 1487
Mb +61 400 471 210

Media Enquiries

David Jamieson
Group General Manager, Media and Comms
Ph +61 2 9464 1615
Mb +61 409 563 693

Transfield Services employs over 19,000 people across 18 industries and 10 countries.

We are a global provider of operations, maintenance and construction services to the Resources, Energy, Industrial, Infrastructure, Property and Defence sectors.

We deliver asset management services across all phases of the asset lifecycle, from concept and creation, to services that sustain, optimise and enhance our Client’s assets.

With diverse global experience and expertise, we share our knowledge and challenge thinking to develop and implement innovative solutions that deliver real value for our Clients.

Our unique approach enables us to deliver continuous improvements in asset performance and sustain long term relationships with our Clients and partners.