02 Sep 2020

NAIF approves seventh deal in Northern Territory with loan to new gas and solar projects

The Northern Australia Infrastructure Facility (NAIF) is pleased to announce investment approval of its seventh project in the Northern Territory, with a $37 million loan to help construct new power generating facilities.

The NAIF loan to Australian-based investment manager Merricks Capital Pty Ltd will help fund:

  • Hudson Creek Power Station, a 12MW capacity gas power plant in Darwin, and
  • Batchelor Solar Farm, a 10MW capacity solar farm, 100km south of Darwin.

To read the full media release, go to the Australian Government Northern Australia Infrastructure Fund website.