A local power generator majority owned by Rod Jones’s Hoperidge Capital has refinanced its bank debt through a $44 million bond issue which the company believes will give it more flexibility, including the potential to pursue a 100-megawatt solar farm.

Merredin Energy operates an 82MW diesel peaking power station in the Wheatbelt, which can be turned on or off rapidly to match changes in electricity demand.

The company is 53 per cent owned by Hoperidge Capital, the investment vehicle of Navitas founder Mr Jones, with the remaining stake held by Sydney-based money manager Palisade Partners.

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