Rewiring the Nation

Question

1. How much of the allocated funding has been formally loaned out or deployed for the Rewiring the Nation (RTN) program to date? 2. What is the explicit targeted rate of return mandated for the Rewiring the Nation sub-portfolio projects? 3. To date, how many projects within the RTN pipeline have been approved or financed below cost, or at a negative real internal rate of return (IRR)? By comparison, how many projects in the CEFC's traditional General Portfolio have ever been intentionally financed below cost since inception? 4. Have any transmission or grid infrastructure projects brought to the CEFC under the RTN mandate been flagged by internal risk, credit, or compliance committees as failing to meet the statutory ''commercial-grade'' investment standard required under Section 12 of the core Clean Energy Finance Corporation Act 2012? Was the specific Ministerial directive required to explicitly override any such internal portfolio risk warnings? 5. What is the total cumulative dollar value of structural financial losses, loan impairments, asset provisions, or non-performing asset write-downs that the CEFC has taken across its entire portfolio since July 2022?

Answer

Please see the attached answer.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000727.pdf (opens in a new tab)