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APA Group tapped as ‘preferred bidder’ for bankrupt Basslink

Elouise Fowler
Elouise FowlerReporter
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Pipeline giant APA Group has been named preferred bidder for the sale of bankrupt electricity interconnector Basslink, after a hotly contested six-week auction for underwater electricity cable that connects the Tasmanian and Victorian grids.

A damaged Basslink cable. Basslink failures in 2019 and 2015 strained Victoria’s electricity grid and caused financial stress to its owner. 

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
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    Original URL: https://www.afr.com/companies/energy/apa-group-tapped-as-preferred-bidder-for-bankrupt-basslink-20220907-p5bg8t