Two of Australias richest people are expected to be rivals in the bidding process for Sun Cable, the developer of what could be the worlds biggest intercontinental solar and energy storage project. Administrators indicate that the sale process could be completed within three months.
The future of Sun Cables proposed AUD 30 billion (USD 20.7 billion) Australia-Asia PowerLink project planned for the Northern Territory could be decided in less than three months, with the administrators revealing that they hope to have the company sold or recapitalized by the end of April.
The first creditors meeting was held on Friday after Sun Cable, which is largely owned by mining magnate Andre…
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