Irrigators will be able to buy allocation from G-MW this year.January 15, 2013 4:15am
Water allocations totalling about 20
The water shares have been generated by the water corporation through modernisation and reconfiguration agreements with irrigators.
G-MW will be engaging a panel of water brokers to handle the allocation sales to ensure an ‘‘open and transparent process’’.
G-MW managing director Gavin Hanlon said in recent years G-MW has assumed ownership of water shares as a transitional step in finalising modernisation and reconfiguration projects and customers’ connection agreements.
‘‘This means we receive seasonal allocations and pay the storage fees,’’ Mr Hanlon said.
G-MW is currently finalising operating rules for the panel of water brokers and from experienced water brokers through a Victorian Government website.
‘‘We are putting processes in place to ensure we minimise any impact on local water markets and we will use the revenue to offset our annual water charges,’’ Mr Hanlon said.
Across G-MW’s service region there are more than two million water shares owned by farmers, water authorities and the environment.
Allocation trade has exceeded one million megalitres in each of the past two seasons. The project currently holds about 20
‘‘We believe our approach will provide opportunities for all potential buyers including our local irrigators,’’ Mr Hanlon said.
At completion of the Connections Project in 2018, G-MW does not expect to hold water shares or allocation.
Through to 2018, the volume of water shares will reduce because Commonwealth Funding for the Project does not allow G-MW to purchase water entitlements, and the Project was progressively transferring water shares to other project investors in line with the project’s funding agreements, Mr Hanlon said.
Shepparton Notre Maroon has posted a big win against Shepparton United Red to maintain its position on top of the Shepparton District Junior Football League under-14 ladder.
Jake Thompson has an eagle eye and a steady hand and he put both to good use recently when he won the U15 Australian Snooker Championships, held in Adelaide.
The Aboriginal and wider community is mourning the death of revered Bangerang Aboriginal elder, Uncle John ‘‘Sandy’’ Atkinson.
Former Echuca netballer Caitlyn Nevins has helped the Queensland Firebirds book a spot in next week’s ANZ Championship grand final with a thrilling 67-64 win over Southern Steel on Sunday.
IT IS all happening for Rochester Dental Clinic this month.
John Murphy remembers the after-match scenes vividly that day at Undera in mid September 1976.
Local export Willie Wheeler dominating at VFL level
Berrigan Shire councillor Daryll Morris says he has been sickened by some of the vitriol and personal attacks to surface since the council’s proposal to redevelop Finley’s Memorial Hall and School of Arts site was revealed in October last year.
ONCE in a while some people are lucky enough to stumble across their destiny.
Katamatite Garlic is going from strength to strength and its owners have been named as some of the faces of the Victorian Small Business festival.
Mathoura endured a harsh hammering to its playing confidence on Saturday with a 24-goal thrashing at the hands of Deniliquin Rovers.
SPC will abolish its internal sales team and reduce executive numbers in the latest chapter of the company’s ongoing restructuring.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.