The sale process run by the administrators of the company leading the $35 billion solar power export project to Singapore is expected to be wrapped up in three months.
The future direction of the collapsed $35 billion Sun Cable clean energy export project could be known by the end of April after the administrators set a cracking timetable for the sale process.
Fortescue executive chairman Andrew Forrest, right, and Atlassian co-founder Mike Cannon-Brookes are facing off over the future of Sun Cable. “The Grok interim funding proposal – which was submitted alongside others – has been accepted by FTI Consulting and will be finalised in the coming days,” the spokesman said.
“If there is an opportunity to remain invested alongside a consortium with constructive partners it is something we would certainly consider,” a Grok spokesman said last week. The Grok camp disputes the suggestion that Mr Cannon-Brookes was the instigator of the move to place Sun Cable in administration, pointing out that all shareholders bar Squadron supported a funding proposal made by Grok in December, and that it was Dr Forrest that elected to put the company into voluntary administration.
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