Presentation Transcript

1. Kindred North Motton Irrigation Scheme

   Landholder water sale 2 February 2012
2. Chris Oldfield – Chief Executive Officer Tasmanian Irrigation
3. Agenda Chris Oldfield Tasmanian Irrigation: overview & update Ian Smith The mechanics of the Kindred North Motton Irrigation Scheme Duncan Loydell The landholder water sale
4. Tasmanian Irrigation State-owned company responsible for development of 13 irrigation schemes across the state by 2015 When built, these schemes will deliver more than 180,000 ML of water to farmers Funding to develop and build irrigation schemes comes from: Commonwealth Government: $140 million Tasmanian Government: $80 million The balance from farmers & investors – why we are here tonight Also responsible for operating irrigation schemes
5. Three years in… Water sales 46,859 ML Private capital raised $46.2 M Farmers involved 229 Schemes built & operating 3 Schemes under construction 2 Schemes being tendered for construction 1 Economic NPV of first six schemes $ 91 M Economic NPV of all schemes $ 200 M +
6. Water – the smart investment
7. Ian Smith – Project Manager The scheme
8. Project timeline February/March: water sales (deposit) April: release construction tender Second half 2012: commence construction First half 2013: commissioning (final payment)
9. The scheme 2,500 ML distribution pipeline capacity 2,200 ML off-peak pumping 120-day summer delivery 2,500 ML = 21 ML/day Future Capacity Rising main has additional peak pumping capacity Expansion beyond 2,500 ML would require duplication of distribution pipes, additional pumps and outlets
10. Forth River Pump 3 x 500kW multi stage vertical turbine pumps 6.5 x 8.5m shed above 1 in 50yr flood level Rock gabion to guide water Utilising natural well and eddies in Forth River 2m x 2m intake 21m long 12m wet well Forth River south of Paloona Bridge
11. Sprent Dam 7m earth filled dam wall 259 ML capacity 2 pumps to the main scheme 1 pump to Sprent Bypass in case of repair
12. Pressure 5 m head guaranteed Normal operating pressures in the pipeline will be higher Potential to utilise the pressure, but not guaranteed above 5 m head Pressures vary depending on: Relative height of outlet Where and how much water is being taken elsewhere
13. Pressure A map of pressures has been prepared to assist you consider the opportunity of utilising pressure in the pipelines. The map provides details of: Maximum pressure Normal operating pressure at 1 km intervals along the pipeline alignment Additional information on pressures can be provided on request
14. Construction Commence as soon as practicable after conditions of funding approval are met Pipe laying will require access to a average path width of 20m Will require pipe laydown area every 500 m Scour valves will be located at low points Air valves at will be located at high points
15. Duncan Loydell – Business Analyst Terms of the sale
16. The offer Open to occupiers of land in the proposed irrigation district Price: $1,200.00/ML 95% reliability Minimum purchase 10 ML, increments of 5 ML Water sold during this sale will receive the benefit of off-peak pumping Sale opens today Sale closes 12:00 noon, Thursday, 15 March 2012
17. Application details Applicant details Guarantor details Qualifying land Qualifying zone Preliminary connection point Requested volume Either 10% or 25% deposit to secure purchase
18. Allocation Minimum water sales threshold: 1,500 ML TI will consider whether water can be supplied to each preliminary connection point If supply can not be made to a preliminary connection point, you will have an opportunity to amend it If an application can not be accepted, TI will refund the deposit in full
19. Offer Deposit Application Acceptance Irrigation Rights Purchase Contract Commissioning Irrigation Right Zoned Flow Delivery Right Full payment Connection agreement Purchase
20. Water Entitlements Irrigation Right Right to a volume (ML) of water during each irrigation season 95% reliability Zoned Flow Delivery Right Right to a share (ML/day) of the delivery capacity of the scheme during each irrigation season Specific to a zone
21. Trading Water entitlements can be freely traded 2011-12 trading fee is $33.00 inc GST
22. Annual charges KNMIS annual charge estimates (2011-12 dollars)
23. Property Outlets One outlet per property outlets is included as part of the sale of water entitlements
24. Farm Water Access Plans (WAP) All water supplied by the KNMIS must be used: On land covered by a Farm WAP In compliance with a Farm WAP
25. Operations Tasmanian Irrigation will operate the scheme until at least the end of the defects liability period arising from construction work
26. Availability during water sales Tasmanian Irrigation will be available at the Kindred Hall between: 9.30 am – 4.30 pm, Wednesday, 15 February 2012 9.30 am – 4.30 pm, Wednesday, 29 February 2012 9.30 am – 4.30 pm, Wednesday, 7 March 2012 9.30 am – 4.30 pm, Wednesday, 14 March 2012 9.30am – 12.00 noon, Thursday, 15 March 2012