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Ann: NAIF Approves Indicative Term Sheet for up to $516m funding, page-13

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Megafauna

11,120 Posts.

108

25/06/18

13:46

Post #: 33929196
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Originally posted by wg159 ↑

I'm a mechanical engineer myself & would not have blind faith in any contractor. A project this size means someone like CPB, flour, langs, FH... None of which I would trust with a bar of soap. Comes down to hope that the consultant known their sheet, the design and contract are watertight, and follows through like a hawk. So so risky

Those engineers in the 70's arn't around any more, much less on this project. When was the last large scale underground pumped hydro project? in the world? let alone Australia? Key bit is underground.

It can & probably will be done. I'm just very doubtful of the budgets and their basis for accuracy.

I can't quickly find original budgets and costing on the Kangaroo Valley project, can you?

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I am sure that between McConnell Dowell and the Downer Group they should be able to work it out.

"McConnell Dowell has an extensive global EPC track record in respect of hydro projects, especially those involving tunnelling and underground excavation, including the most recent major hydro power development in Australia and other remote hydro projects in the Asia Pacific region."

https://reneweconomy.com.au/mcconne...ected-preferred-epc-contractor-kidston-79094/

GNX Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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