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BHP and GIP Unite for $2 Billion WAIO Power Project

BHP and GIP Unite for $2 Billion WAIO Power Project

Post by : Bianca Haleem

BHP Group is making a significant move to enhance its inland power capabilities in Western Australia. This Tuesday, the mining leader revealed a collaboration with BlackRock’s Global Infrastructure Fund (GIP), aimed at injecting $2 billion into the infrastructure, where GIP will hold a minority stake.

The arrangement will see the establishment of a new entity, with BHP controlling 51% and GIP owning 49%. Over the next 25 years, BHP is set to pay a tariff based on its share of WAIO’s inland power, which assures a sustainable, long-term financial foundation for the initiative. Importantly, BHP will retain absolute operational control over WAIO and its power assets.

This investment is designed to bolster WAIO’s expanding operations and energy demands, enabling BHP to harness private investment without relinquishing its oversight. Experts note that this partnership exemplifies a growing trend among mining companies seeking institutional investment to upgrade infrastructure while distributing financial responsibilities.

Crucially, this partnership does not interfere with BHP’s ongoing joint ventures, ensuring consistent operations throughout the region. By leveraging GIP’s investment strength alongside BHP’s operational know-how, this deal may pave the way for future infrastructure collaborations in Australia’s mining landscape.

Dec. 9, 2025 12:30 p.m. 363
Global News

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