The Challenge
A state owned Electricity client, requested assistance the development of development of Contingent Project Applications for a 500kV interstate transmission project. Our advisors were required to ensure that the regulatory obligations of the CPA were met, and that the technical and project management content were articulated simply and accurately.
The Solution
As part of Stage 1 Contingent Project Application, Devbase was also involved in the development of a Stage 1 CPA - capital expenditure (capex) forecasting methodology for an ISP actionable project under the National Electricity Rules for a project of state significance. This document was part of the Contingent Project Application for Stage 1. In producing the document Devbase was required to outline the scope of Stage 1 (early works) capex, explain and justify the methodologies utilised to determine our Stage 1 capex forecast, and provide an overview of the confirmation and validation of the actual and forecast capex.
Our advisors reviewed the estimates provided by the Client and collaborated with internal cross business team members primarily from engineering, project management and regulation teams to ensure risk was not overstated, scope items were not omitted and sufficient contingency allowances were included. This also included the completion of high-level benchmarking across RiT-T projects previously approved by the Australian Energy Regulator. The benchmarking was focused on ensuring the TNSP was capable of achieving the capital expenditure objectives set out in National Electricity Rules clause 6A6.7(a) and to ensure inclusion prudent and efficient capex
Devbase Impact
Our Executive Advisors have enabled our Clients to complete the scope utilising our consultants deep experience in preparation of RIT-T proposals gained through client side career experience. Our consultant brought value through deep technical, project and commercial/regulatory experience enabling challenge and review of the Client's assumptions.
