Economy
Basslink owners must be laughing at us …
What a spiffing bargain. The Hydro’s importing it as fast as Basslink allows (only 200 MW, mind – that’s all that Basslink can cope with) at a low, low price of 0.7 cents/kWh.
And what do we pay retail? 21 cents/kWh?
Basslink owners SINGAPORE-BASED CitySpring Infrastructure Management must be laughing at us, especially now the annual rental’s risen to $112 million.
Check out their website, and what they say about themselves:
www.cityspring.com.sg
CitySpring Infrastructure Trust (“CitySpring”) owns three high-quality and stable cashflow-generating assets, namely City Gas Trust, SingSpring Trust and Basslink, which are in the gas, water desalination and electricity transmission businesses respectively.
CitySpring’s portfolio is strategically balanced with the objective of providing unitholders with long-term and predictable distributions. CitySpring aims to further enhance its quality portfolio by pursuing yield and value-enhancing investment opportunities.
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