Basslink is a 370 km high-voltage, direct current monopole electricity transmission interconnector between the electricity grids of the States of Victoria and Tasmania in Australia. Basslink was until recently the world’s longest sub-sea electricity cable in operation. Basslink is the only electricity interconnector between Tasmania and mainland Australia, and enhances the availability and security of electricity supply to both Tasmania and Victoria.
The Basslink interconnector also incorporates a 12-core fibre optic telecommunications cable. Eight cores of the 12-core fibre optic telecommunications cable are currently not utilised and have the potential to be commercialised in the future.
Basslink provides CitySpring with long term, regular and predictable revenues mainly based on facility fees most of which are derived from a 25-year term Basslink Services Agreement (“BSA”) with Hydro-Electric Corporation, an entity owned by the State of Tasmania. The facility fee is based on availability, and it is payable in full if Basslink’s cumulative availability is equal to or greater than 97%.
Basslink's main objective is to meet and exceed the 97% availability target for the interconnector. The company is also committed to maintain expected standards of operational performance. It takes a rigorous approach towards ensuring that its infrastructure, networks and systems are reliable in either meeting or even surpassing the requirements under the BSA.
Basslink is also totally committed to ensuring a safe and injury free workplace for its employees and protecting the safety of the public and the environment.
Visit Basslink website at http://www.basslink.com.au/home/