Customer Update - Sustainability Product - Expressions of Interest open - 5 August 2024

Sustainability Product - Expressions of Interest Open

Online Expressions of Interest (EOI) for Murray Irrigation’s Sustainability Product open tomorrow, Tuesday 6 August 2024 at 9am.

What is on offer?

77GL of water will be available at $92 per ML to achieve a revenue target of $7 Million.

This price is the weighted average price on the Water Exchange for the past 7 days.

The Sustainability Product is part of Murray Irrigation’s WaterWell suite, which aims to release 100GL of productive early season water into the footprint to increase certainty for farmers when planning their irrigation needs

The 77GL offered is in addition to the 5% Allocation Advance and 5% water users credit announced recently.

When does the EOI close?

Expressions of interest close 5pm Monday 12 August 2024.

The Sustainability Product is exclusive to Murray Irrigation customers who are within financial terms with the company.

Customers are invited to submit an expression of interest (EOI) via the Customer Portal.

If the offer is oversubscribed, participating customers will be offered a pro rata volume based on their delivery entitlements.

How do I apply?

Expressions of interest can be placed online through your customer portal.

Further information about the Sustainability Product including terms and conditions is available here.

When do I need to pay for the water?

Murray Irrigation is offering customers three payment options.