Thursday, 15 September 2016
Budget Savings (Omnibus) Bill 2016; In Committee
Still on that matter of Port Augusta, my understanding is that SolarReserve is seeking debt and equity funding. The most likely bucket that that would have come from, given that it was a higher risk profile investment, would have been the Clean Energy Innovation Fund, which used to have a billion dollars in it. You have confirmed tonight that it is going to be cut down to $200 million. Port Augusta needs $100 million. Obviously that is 50 per cent of what is left in that bucket, because you have just taken out $800 million, and yet you were trying to maintain earlier that there would be no impact. How do you reconcile those two things?