AEMO Services releases the Draft Tender Pack for LTESAs and Access Rights
21 July 2022
21 July 2022
AEMO Services, as the NSW Consumer Trustee, has released a Draft Tender Pack for the inaugural tender opening on 4 October 2022 for Long-Term Energy Service Agreements (LTESAs) and Access Rights as part of the NSW Electricity Infrastructure Roadmap.
The materials in the Draft Tender Pack cover the initial allocation of Central-West Orana (CWO) Access Rights under the draft CWO REZ Access Scheme Declaration, published on 15 July 2022. The approach to this tender round is likely to be similar for future tender rounds facilitated by AEMO Services.
A link to our client alert covering the release of the draft CWO REZ Access Scheme Declaration can be found here.
The Draft Tender Pack includes the:
A Final Tender Pack is expected to be released by the end of August 2022 and will be distributed to prospective proponents by email and published on the AEMO Services website.
A copy of the Draft Tender Pack can be found here.
The Tender Rules provide a framework for prospective proponents on the structure and design of tender rounds, including:
A copy of the Draft Tender Rules can be found here.
The Draft Tender Guidelines set out:
A copy of the Draft Tender Guidelines can be found here.
Drafts of the Generation and Long-Duration Storage LTESAs and the Project Development Agreement have been provided as between the LTES Operator and the Scheme Financial Vehicle with placeholders for project particulars.
Projects awarded an LTESA will be required to enter into two primary contractual project documents, being the Project Development Agreement and either the Generation LTESA or the Long-Duration Storage LTESA (as applicable). A copy of the Draft Generation LTESA can be found here. A copy of the Draft LDS LTESA can be found here.
Projects awarded an Access Right only will be required to enter into a Project Development Agreement. A copy of the Draft Project Development Agreement can be found here.
Below are some of the key dates set out in the Draft Tender Guidelines:
|Tender Registration Date||August 2022|
|Tender Commencement Date||4 October 2022|
|Project Bid Closing Date and Time||28 October 2022 at 5:00pm AEST|
|Invite to submit Financial Value Bid||Mid-December 2022|
|Financial Value Bid Closing Date||Late January 2023|
|Notify unsuccessful proponents||March-April 2023|
|Announced Selected bids||March 2023|
Authors: Paul Curnow, Partner; Andre Dauwalder, Senior Associate; Joshua Hetzel, Associate and Lucinda Merrett, Associate.