Sun Cables administrators say they hope to have the company behind a $30 billion project to export Australian solar power to Singapore sold or recapitalised within three months.
A committee of creditors was held on Friday, after the company entered voluntary administration on January 11 following disagreements between its billionaire backers, Andrew Forrest and Mike Cannon-Brookes.
Mr Forrest said in comments published on Friday that he had become disillusioned with Mr Cannon-Brookess management team for undisciplined spending and massive overheads.
As we came closer and closer to it, we learned that the capital cost wasnt $10 or $15 billion, it was likely to be $15 or $20 billion, Mr Forrest tol…
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