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‘Far-fetched and uncommercial’ take on PPAs rejected in spat over NT power plants
Electricity provider Rimfire Energy has prevailed in a fight with the builders of two power plants in the Northern Territory, winning $1.4 million in damages for a four-year delay in reaching target operating dates.
Construction PRO
Santos wins final approval for $5.6B Barossa gas project
Santos has secured final approval from the offshore energy regulator for its undersea Barossa gas field, dubbed by an environmental group as a "climate bomb".
CIMIC class action funder takes $4.7M haircut from commission
The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff's law firm, according to a decision published Friday.
Queensland energy class action can’t avoid defence costs pending appeal
A failed class action against Queensland utilities Stanwell and CS Energy can't delay payment of what might be in excess of $30 million in defence costs while it pursues an appeal, but has dodged a penalty for running a case the companies said was hopeless.
Construction PRO
Transport for NSW can’t get High Court to clarify scope of land acquisition law
The High Court has refused special leave to Transport for NSW to weigh in on a dispute over the value of land acquired near the Western Sydney Airport.
Construction PRO
Star in talks with Balley’s as refinancing deal falls through
The Star is on the brink of collapse again after a potential $940 million refinancing deal with Salter Brothers fell through, with the embattled casino operator continuing to mull an offer by US casino operator Balley.
Albanese government to ban supermarket price-gouging
The Albanese government has vowed to ban price-gouging by supermarkets if reelected, despite the Australian Competition and Consumer Commission's supermarkets inquiry finding no evidence of excessive pricing.
Construction PRO
Boral secures $24.5M to cut cement manufacturing emissions
Building materials giant Boral has won a $24.5M grant to significantly reduce CO2 emissions from its cement clinker manufacturing.
Construction PRO
Two law firms advise on $260M Calala BESS in NSW
Renewable energy developer Equis has begun construction of a two battery energy storage system in Tamworth, NSW after securing $260 million in financing.
Construction PRO
Crown drops claims against Lendlease over Metropol combustible cladding
Crown has dropped its claims against builder Lendlease over the use of combustible cladding on the façade of the Metropol in Southbank but is continuing to pursue its case against the architect and others.