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posted by
martyb
on Tuesday October 03 2017, @01:26AM
from the follows-highly-charged-negotiations dept.
from the follows-highly-charged-negotiations dept.
The plan to build the 100MW (129MWh) lithium battery grew out of a Twitter bet between Tesla boss Elon Musk and Australian software entrepreneur Mike Cannon-Brookes.
Mr Musk said Tesla would build the wind-charged battery in 100 days or the state would not have to pay for it.
[...] Tesla has given itself a good chance of hitting the self-imposed deadline because construction of the battery began long before the clock started counting down.
The official countdown to the end of the 100-day deadline commenced on 30 September, after the project was given approval by Australian energy regulators.
Mr Musk said that if Tesla missed the deadline it stood to lose about $50m (£38m).
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Tesla: World's Biggest Battery Half-Built
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(Score: 0) by Anonymous Coward on Tuesday October 03 2017, @06:20AM (3 children)
Found a government contractor worried about the precedent! In the future, not completing the project on time could mean less money instead of more money :D
> Rich people can make bets involving huge taxpayer sums.
... isn't that what contracts with penalty clauses are?
(Score: 2) by MostCynical on Tuesday October 03 2017, @08:28AM (1 child)
Contractors get paid, no matter what.
See "Norhconnex": http://www.smh.com.au/nsw/government-deciding-on-level-of-fines-for-trucks-that-fail-to-use-northconnex-20170918-gyjkaa.html [smh.com.au]
"I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
(Score: 2) by MostCynical on Tuesday October 03 2017, @08:54AM
Better (more explicit) link: http://www.smh.com.au/nsw/transurban-to-get-paid-if-trucks-use-northconnex-motorway-and-if-they-dont-20170521-gw9r20.html [smh.com.au]
"I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
(Score: 2) by bob_super on Tuesday October 03 2017, @05:54PM
The best thing about a battery system is that, with proper planning, a contractor delaying or walking away after only building half of it, still leaves you with a working battery, of half the capacity.
Can't say that about half a bridge, dam, or roof.