Across the network, Sydney’s dams were 97.5 per cent full having doubled since February rains effectively ended the region’s drought. Nepean reservoir continues to spill, while most others are more than 94 per cent full.
McKenzie has 40 years’ experience in NSW’s utilities sector, having previously chaired state owned electricity distribution company Essential Energy and was a director of the now privatised TransGrid and Macquarie Generation.
Last December the government asked the independent regulator IPART to investigate the pricing impact of the planned expansion and announced terms of reference for an investigation of costs and charges.
At the time water minister Melinda Pavey told IPART the government had asked the plant to prepare plans to expand its capacity to produce drinking water, saying this was a key element in protecting Sydney’s water security.
Ontario Teachers and Morrison & Co, on behalf of UTA, said they have increased their holdings in SDP with their acquisition of The Infrastructure Fund’s (TIF) ownership stake in the plant. Financial details were undisclosed.
The acquisition enables Gradiant to leverage its proprietary technologies and strong financing capabilities alongside CRS’s project delivery expertise, access to industrial customers, and relationships with leading contractors, corporations and municipalities, facilitating access to Australia’s burgeoning water market.
But then it began to rain, and rain. Sydney water storages jumped from 41% in early February to 75% now – the highest of any capital city in Australia.This is great news for the city, but it comes with a big caveat.
Warragamba Dam is set to jump above 50 per cent capacity due to heavy rainfall, which means that the implementation of a plan by the NSW government to double the capacity of the Sydney Desalination Plant could be delayed.