The Tasmanian Government has welcomed the announcement by Marinus Link Pty Ltd that a new contract has been signed with Prysmian PowerLink to design, manufacture, supply and installation for Stage 1 of the Marinus Link.
Minister for Energy and Renewables, Nick Duigan said the deal was a key step towards the delivery of Marinus Link, a central feature of the Government’s 2030 Strong Plan for Tasmania’s Future.
Importantly, Marinus will unlock over $1.3 billion in economic activity and 1,400 jobs in Tasmania, said Minister Duigan.
“The Tasmanian Government was comforted by the fact contracts for the cable and converter station have been locked in and the commitment from Marinus Link that the construction schedule, and the expected completion date of 2030, are unchanged,” he said.
“The Marinus Link Pty Ltd Board has also now advised that the Final Investment Decision (FID) is now proposed for May 2025.
“We have always said will only support this project going ahead if the benefits for Tasmania stack up and the best way to ensure a sound decision is made in Tasmania’s interest, is to ensure Marinus Link Pty Ltd presents robust and comprehensive information to enable confidence in a final decision.”
As the Tasmanian Government has already committed, a whole-of-state business case will be prepared and released publicly before FID, the Minister said.
Marinus Link Pty Ltd is owned by the Australian, Victorian and Tasmanian governments and is responsible for progressing the Marinus Link interconnector project.
“We are proud to support Australia in its goal to combine the benefits of renewable energy to deliver low-cost, reliable and clean energy to customers,” said CEO Oceania at Prysmian Group, Andrea Kraus.
“This is a big step forward to support the Australian energy transition target to reach net-zero carbon emissions by 2050.”
