Argonaut acted as a Corporate and Financial Advisor to Merredin Energy Pty Ltd (MEPL) in 2011 in a deal with Palisade Investment Partners Limited. Argonaut arranged the Private Equity Placement and the Debt Issuance from Commonwealth Bank to fund the construction of the 82MW Peaking Power Station in Merredin, Western Australia. The power station runs from efficient and low emission GE gas turbine generators and serves as an energy reserve for South-West Australia, including Geraldton, Kalgoorlie, Albany and the Perth metropolitan area. The decision for project financing follows an extensive global tender and due diligence process, especially since Merredin is an ideal location to connect to the South West power grid.
Merredin Energy is an asset of Palisade Investment Partners Limited, a Specialist, Independent Infrastructure Manager in Australia. Palisade Investment Partners Limited manages assets within the Transportation, Energy, and Utility sectors as well as Renewables, Agriculture, Social Public/Private Partnership and more. Palisade has 46.7% ownership interest in Merredin Energy Pty Ltd.
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