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The Canberra Times

National

Alex Crowe

Major ACT renewables project set to change hands

ACT Shane Rattenbury Electricity

A vote to decide the future of Mugga Lane Solar Park will take place on Thursday with the project expected to be up for sale in coming weeks.

Creditors will vote based on the likelihood of another bank taking on debt from current operator, Maoneng Group, after the company withdrew $1.48 million from their financer without authorisation.

Maoneng defaulted on its repayments for the unauthorised loan, which an investigation determined was funnelled into its renewable project in Merriwa, NSW.

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