Callide C out of Voluntary Administration

In amongst my unofficial ‘Energy Week’ last week in Melbourne I’d also noticed the article ‘Czech energy tycoon Pavel Tykač lines up next move on Callide C power plant’ in the Australian’s Margin Call column late on Thursday 8th May 2025.  That article noted:

[referencing an earlier noted on Margin Call from 16th April 2025] ‘… Tykač’s Sev.en Global Investments (7GI) has finished negotiations with its former Chinese partners in the troubled power plant and arranged to pay off creditors, emerging this week as the sole half-owner of the main operating companies that run the plant.’

But I did not have a chance to note this at the time.

Callide C out of Voluntary Administration

Then yesterday (Tue 13th May 2025) that I saw this update via LinkedIn from the new 50% owner, Sev.en Global Investments:

There was an earlier media release ‘Sev.en Global acquires and takes out of insolvency 50% stake in Callide C Power Station’ on Thursday 8th May 2025 on their website.

Scant media attention

Apart from the references in Margin Call noted above, the only other reference I have seen is Perry Williams’ article ‘Power plant owner 7GI calls for reality check on retirement of coal’ in the Australian on Monday 12th May 2025 this week.

Return to Service expectation for Callide C3 still at 30th May 2025

And whilst we’re here, with respect to the current clinker outage at Callide C3, this snapshot from ‘Generator Outages’ widget in ez2view this morning shows that the return to service expectation is still holding for 30th May 2025:

With respect to the upper part of the image, we see the scheduled invocation of the ‘N-CTYS_3L_WG_CLOSE’ constraint set has the currently expected return to service as 15:00 tomorrow (Thursday 15th May 2025).

… this was the network outage that contributed to yesterday evening’s volatility.

Complete separation for Millmerran?

I have some vague recollection that (at some stage back in the past) there was some similarities in part-ownership between Callide C and Millmerran power stations.  But I think this means now that:

• Sev.En Global Investments has no stake in Millmerran (though it does own Vales Point); and similarly
• The owners of Millmerran have no stake in Callide C.

Perhaps one of our more learned readers can confirm this?