Hydro Tasmania and Tasmanian Gas Pipeline (TGP) have reached agreement on terms for a gas transportation contract commencing on 1 January 2022.

The new agreement locks in gas transportation for the Tamar Valley Power Station for an extended term.

Hydro Tasmania acting CEO Ian Brooksbank said the parties had been in negotiations for a number of months and the new deal was a good outcome.

“We’re pleased to have negotiated a contract that is commercial for Hydro Tasmania while also providing confidence through a multi-year deal. This means that all 5 units at Tamar Valley Power Station (including the combined cycle gas turbine), have access to gas transportation.”

TGP Director Lindsay Ward said: “While the negotiation has been a long and difficult one, TGP is pleased to have reached an outcome that is in the best interests of all Tasmanians.”

Details of the contract are commercial in confidence.

ENDS

Hydro Tasmania contact – Trent Swindells 0409 722 359 | media@hydro.com.au

Tasmanian Gas Pipeline contact – David Abbott, Font PR, 0400 446 736