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Energy

Feb 05, 2021
Kidston connection deal paves way for 400 jobs

Kidston connection deal paves way for 400 jobs

Genex Power has welcomed a $147 million State Government pledge that will see its Kidston Pumped Storage Hydro Project hooked up to the national grid. The transmission line for the North Queensland power project is expected to support more than 400 new jobs during its construction. It will be built, owned and operated by Powerlink Queensland. The funding package announced today represent...

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Feb 05, 2021
State-owned power plants in $1b-plus write-down

State-owned power plants in $1b-plus write-down

More than $1 billion has been wiped off the value of coal and gas power stations owned by Queensland electricity generators CS Energy, Stanwell and CleanCo in the past year. A report from the Queensland Audit Office showed that lower electricity prices resulted in combined net losses of $367 million for the State-owned generators in 2019-20 and a decline in the value of power station...

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Feb 02, 2021
Kogan Creek to host hydrogen demo plant

Kogan Creek to host hydrogen demo plant

A partnership between CS Energy and IHI Corporation Japan will assess the feasibility of establishing a renewable hydrogen demonstration plant next to the Kogan Creek coal-fired power station, near Chinchilla. State Minister for Renewables and Hydrogen Mick de Brenni said it was the second hydrogen collaboration between Queensland and Japanese energy companies in the space of three months, fol...

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Jan 28, 2021
NT deal paves way for $22b  energy development

NT deal paves way for $22b energy development

The Northern Territory Government and Sun Cable have signed a milestone agreement to advance development of the $22 billion Australia-ASEAN Power Link project. Today’s signing of the Project Development Agreement provides a roadmap for the NT Government and Sun Cable to work in partnership to finalise land tenure and commercial arrangements ahead of the project’s financial close. The AAPL i...

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Jan 28, 2021
Key backing for CopperString power project

Key backing for CopperString power project

The $1.7 billion CopperString 2.0 project has secured a $17 million financing agreement with Townsville refinery operator Korea Zinc. Deputy Premier Steven Miles and Queensland Energy Minister Mick de Brenni announced the deal in Townsville today. It comes one week after the Federal Government pledged up to $11 million to help progress the major transmission project to final investment dec...

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Jan 27, 2021
Sumitomo gets ball rolling on CQ hydrogen plant

Sumitomo gets ball rolling on CQ hydrogen plant

Sumitomo and JGC Holdings have signed a Front End Engineering and Design (FEED) contract for a hydrogen project planned in Gladstone. Sumitomo said the initial plant was expected to produce 250-300 tonnes of hydrogen annually, with plans to scale up production. Announcing the FEED contract, the company highlighted Gladstone’s credentials as a location for hydrogen production and consu...

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Jan 26, 2021
Pilot well program kicks off at Range gas project

Pilot well program kicks off at Range gas project

Central Petroleum has contracted Silver City Drilling to drill three appraisal pilot wells at the Range gas project, south of Wandoan in the Surat Basin. These wells represent the next appraisal stage after a four-well exploration program in 2019 successfully identified a high-quality 2C contingent gas resource of 270 PJ in the proven Walloons CSG play. If successful, Central said the pil...

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Jan 26, 2021
Manufacturing plan calls for action on energy

Manufacturing plan calls for action on energy

Building modern coal-fired power stations and funding exploration to help unlock oil reserves are among the recommendations in a plan released by National Party MPs to boost Australian manufacturing. The National Party’s Backbench Policy Committee released the Manufacturing 2035 document, featuring a nine-point plan with the goal to double the employment in Australian manufacturing. It ca...

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Jan 20, 2021
Generators to fight major energy price class action

Generators to fight major energy price class action

Queensland generators Stanwell and CS Energy say they will fight a class action being filed in the Federal Court of Australia by law firm Piper Alderman. The QLD Energy Class Action is a legal claim being brought against the two Queensland state-owned electricity generators on behalf of more than 40,000 electricity customers. It alleges that they manipulated the electricity pricing system a...

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