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Energy

Nov 18, 2019
State reveals detail on rail incentive scheme

State reveals detail on rail incentive scheme

The State Government has finalised guidelines around an $80 million incentive scheme for commercial freight users on the Mount Isa Line. In town for a Cabinet meeting, Premier Annastacia Palaszczuk visited the Mount Isa Line today and said the Queensland Government’s investment would support the growth of the mining industry in the state’s north west. “As part of this year’s State ...

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Nov 16, 2019
CopperString highlights power plight

CopperString highlights power plight

High electricity prices are robbing North West Queensland of new investment despite its enormous mineral wealth, the proponent of the $1.5 billion CopperString transmission project warns. CopperString 2.0 founder and executive chairman John O’Brien was commenting in the lead-up to next week’s Queensland Cabinet visit to Mount Isa. He said industrial electricity prices in the Nor...

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Nov 13, 2019
Genex wins breathing space on $610m NAIF loan offer

Genex wins breathing space on $610m NAIF loan offer

The Northern Australia Infrastructure Facility (NAIF) Board has extended its $610 million loan offer for the Kidston Stage 2 pumped storage hydro project. Concerns were raised over the status of the loan offer last week after electricity retailer EnergyAustralia dashed proponent Genex Power’s hopes of reaching financial close on the project this quarter when it failed to commit to a long-ter...

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Nov 12, 2019
Bowen Basin gas deal for NQ battery chemicals plant

Bowen Basin gas deal for NQ battery chemicals plant

A planned $415 million battery chemicals plant in Townsville will be powered by gas from the Bowen Basin under an agreement announced today. Blue Energy has signed a non-binding MOU with Queensland Pacific Metals, the proponents of the Townsville Energy Chemicals Hub (TECH) project. The news comes one month after Blue Energy signed an MOU with North Queensland Gas Pipeline owner Palisade In...

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Nov 07, 2019
Funding setback for NQ pumped storage hydro project

Funding setback for NQ pumped storage hydro project

A setback for Genex Power has sparked fears over the future of the NAIF loan approved for the $700 million Kidston pumped storage hydro project. Labor Senator for Queensland Murray Watt said the renewable energy project’s $610 million Northern Australia Infrastructure Facility loan – the largest ticked off under NAIF so far – was now under a cloud. It came after electric...

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Oct 28, 2019
Townsville forum promotes Queensland’s hydrogen  future

Townsville forum promotes Queensland’s hydrogen future

An industry forum in Townsville next month will explore the billion-dollar opportunities for hydrogen production and projects in Queensland’s future. Businesses and decision-makers from around regional Queensland are due to connect with energy leaders, experts and academics at the State Government’s first regional Hydrogen Industry Forum. It comes after a North Queensland visit last mon...

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Oct 13, 2019
Green light for $350m CQ wind farm

Green light for $350m CQ wind farm

A new $350 million wind farm has won State approval, 20km west of Biloela in Central Queensland. The State Government says Lacour Energy’s Banana Range project will create up to 150 construction jobs. Planning Minister Cameron Dick said the new wind farm would boost the total capacity of wind generation approved by the Queensland Government to 2240 megawatts, enough to power over one ...

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Oct 11, 2019
Priority projects need push from the Commonwealth

Priority projects need push from the Commonwealth

MITEZ is lobbying for ‘a bigger push from the Commonwealth’ for a range of advanced North West Queensland projects to become a reality. MITEZ (Mount Isa to Townsville Economic Zone) chief executive officer Glen Graham was among those addressing hearings in Townsville and Mount Isa this week of the Senate Select Committee inquiry into the effectiveness of the government’s Northern...

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Oct 10, 2019
CopperString boss highlights hurdles to investment

CopperString boss highlights hurdles to investment

Barriers still exist to game-changing infrastructure investment in Northern Queensland compared to southern regions, a major project proponent says.  CopperString 2.0 director Joseph O’Brien is among those providing evidence to the Senate Select Committee into the effectiveness of the Australian Government’s Northern Australia agenda. The committee is holding public hearings in Town...

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