The project encompassed BHP’s WAIO fully integrated mining and infrastructure system, including five open-pit iron ore mines, four central processing hubs, and a dedicated off-grid power network. The focus of the transaction was on the inland power assets, with Global Infrastructure Partners (GIP), via Infra Trust, seeking to acquire a 49% economic interest in BHP’s WAIO inland power assets. This includes a 25-year Power Purchase Agreement (PPA) under which BHP Energy Trust pays a volumetric tariff per MWh consumed, while Infra Trust is responsible for a defined scope of operations, maintenance, and sustaining costs.
Infravue’s technical due diligence report highlighted the criticality of the target assets to BHP’s operations, the maturity of business continuity planning, and the ongoing investments in asset management, maintenance, and environmental, social, and governance (ESG) practices. Infravue’s report also addresses the evolving energy demand profile, the importance of accurate metering and tariff structures, and the strategic alignment of the power network with BHP’s long-term production and decarbonisation goals.
Technical Advisor
Energy
Client
BlackRock (Global Infrastructure Partners)
Scope
Technical Due Diligence
Deal Value
USD 2b
Dates
2025
