Response to Energy Security Fund changes

16 Jul 2013

There has been no consultation about the Federal Government’s proposed change to the Energy Security Fund, announced today.

If it were to become law, it would have a material impact on GDF SUEZ Australian Energy’s business. This creates further uncertainty for investors in our business and the sector generally.

GDF SUEZ Australian Energy refinanced $1.7 billion of project debt in mid 2012 (using both Australian and international banks) and investors have relied upon the current legislation and trusted the Australian Government to honour its commitments in full, including the Energy Security Fund.

Response to Technical Review Board Report