The state government is owed “close to $10 million” from the SA energy company forced into liquidation last Friday, Treasurer Tom Koutsantonis revealed this morning.
And the privately-owned operator of SA Power Networks – the company responsible for the state’s extensive power infrastructure network – is owed more than $20 million, InDaily can reveal.
ZEN Energy – founded by high-profile economist Ross Garnaut – on Friday appointed liquidators who will now attempt to claw back more than $1 billion owed to creditors, which includes the SA taxpayer.
But it was expected that in the best-case scenario, administrators McGrathNicol hope to be able to claw back only $45 million from the business’ assets, leaving a massive…