Perth-based construction group Clough owes money to hundreds of creditors, including $88.7 million to the joint venture building Snowy 2.0.
Collapsed construction group Clough owes hundreds of creditors some $248 million, including $88.7 million to the joint venture building the federal government’s Snowy 2.0 hydropower project, new regulatory filings show.
New regulator filings have revealed how much money Clough owes the joint venture created to build the Snowy 2.0 pumped hydro storage project.Clough’s $165 million Stephenson Avenue freeway project in Perth, but other contracts held by Clough, including the $2.3 billion Project EnergyConnect interconnector cable between South Australia and NSW and the $768 million Waitsia gas project for Mitsui and Beach Energy in Western Australia, have been in limbo.
Waitsia is due to start producing gas for processing into liquefied natural gas in the second half of 2023. Some Clough workers on the projectClough has hundreds of small creditors, including many suppliers of materials and equipment. The filings have redacted how much money is owed to Clough and the value of assets owned by the company, which include diesel generators, trucks and excavators, as well as office furniture and computers.in December that the company wanted to acquire Clough’s contracts and hire its workers so itMr Salini pointed to Clough’s $US1.
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