Customer Contract:

Basslink Services Agreement with Hydro Tasmania

Term of Customer Contract:

25 years, commencing on 28 April 2006


Hydro Tasmania, an entity owned by the State of Tasmania

Basslink owns and operates the Basslink Interconnector, which is a 370-km high voltage, direct current monopole electricity interconnector between the electricity grids of the States of Victoria and Tasmania in Australia.

The Basslink Interconnector was constructed to allow Tasmania to participate in the National Electricity Market of Australia, and is the only electricity interconnector between Tasmania and mainland Australia.

Basslink derives most of its cashflow from a 25-year term Basslink Services Agreement with Hydro Tasmania, an entity owned by the State of Tasmania.

Basslink Telecoms

As part of the original construction of the Basslink Interconnector, a 12-core fibre optic telecommunications cable was incorporated in the electricity interconnector. On 3 July 2009, the Basslink Telecoms network commenced commercial operation, carrying customers’ traffic between Hobart and Melbourne in Australia. This was followed by an official launch of the Basslink Telecoms network on 16 July 2009.

Mr Malcolm Eccles

Chief Executive Officer and Director, Basslink

Mr Malcolm Eccles is responsible for determining the overall business and operational strategies of Basslink.

Before his appointment as CEO, Mr Eccles was responsible for all operational and engineering functions on the Basslink Interconnector, including leading the commissioning of the facility.

Prior to joining Basslink in April 2005, Mr Eccles worked on various projects in Europe, North America and Asia for Siemens Power Services (2002-2005) and British Nuclear Fuels Ltd (1986-2002).

Mr Eccles is a non-executive director of Gippsland Water in Australia and a director of the International Cable Protection Committee Ltd.

Mr Eccles is a Chartered Engineer and member of the Institute of Engineering Technology and the Institute of Electrical & Electronic Engineers. He holds a Master of Science degree in Electrical Engineering and Management Studies from Trinity College, Dublin, Ireland. He also holds post-graduate diplomas in Project Management and Strategic Management.

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