GIPA - Access to Information

Contract Information Class 1

Reference Number FMD2024_086
Amount Payable $3,941,663.00
Effective Date 18/09/2024
Completion Date 01/12/2026
Name and business address of the contractor
GEM Energy Australia Pty Ltd - 3a/17 Sugarmill Road Pinkenba QLD 4008 Australia
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred ARENA Community Battery Project - Wollongong Campus
Details of any related body corporate or private sector entity who will be involved in carrying out any of the contractor’s obligations or receive a benefit.
Are there any provisions under which the amount payable may be varied? Yes
Amount Payable Variation Clauses Refer relevant 7, Schedule 1 & Schedule 2
Can the contract be renegotiated? Yes
Renegotiation Clauses Refer relevant Clauses 2, 7, Schedule 1 & Schedule 2
Did the contract involve a tender process? No
Description of any provisions under which the contractor is to receive payment for providing operational or maintenance services N/A

Contract Information Class 2

Is there a transfer of significant assets to the State? No
Is there a transfer of significant assets to the contractor? No
Has any cost-benefit analysis been undertaken by UOW? Yes
Cost Benefit Analysis Results Commercial Risk Assessment
Was a public sector comparator used? No
Did the contractor provide a base case financial model? No
If relevant, provide details of how risk is to be apportioned between the parties. N/A
Have there been any significant guarantees or undertakings between the parties? Yes
Details 2 X bank guarantees for the value of $ 89,528.25 each
Other Key Elements N/A