The Expression of Interest (EOI) process for the proposed 2000MW North Queensland Clean Energy Hub feasibility study has begun.
The Queensland Government allocated $150 million towards the development of strategic electricity transmission infrastructure as part of the North Queensland Clean Energy Hub, subject to a feasibility study.
“This is all part of our plan to unlock a wave of energy projects to power the North Queensland economy and support 5000 jobs,” Treasurer and Acting Minister for Energy Curtis Pitt said.
“Our plan will not only deliver investment and jobs to North Queensland but will also help to secure energy supply and drive down energy costs for consumers.”
Powerlink is conducting the EOI until September 8 on behalf of the Queensland Government.
“The four-week EOI process will seek market information on a range of aspects, including potential generation interest, storage options and significant load requirements,” Mr Pitt said.
“We encourage all companies with an interest in the North Queensland Clean Energy Hub to flag their potential involvement and provide us with the latest market information via the EOI process.
“The information received as part of this process will be treated confidentially and will inform the options for potential routes for the transmission infrastructure and project timing.
“This is an important project which will drive cost savings by generating economies of scale through multiple generators and loads sharing transmission infrastructure rather than seeking individual network connections.”
Minister Assisting the Premier on North Queensland and Member for Mundingburra Coralee O’Rourke said the Clean Energy Hub would play a key role in diversifying North Queensland’s energy supply and supporting the 50 per cent by 2030 renewable energy target.
“We know people in the north are really concerned about power prices. An important part in stabilising prices is making sure we invest in local, North Queensland infrastructure,” Mrs O’Rourke said.
“Excitingly, the transmission line will support an energy hub that will generate North Queensland energy for North Queensland businesses and families.”
Powerlink chief executive Merryn York said the EOI was part of a feasibility study into the North Queensland Clean Energy Hub due for completion by December 2017.
“The feasibility study will involve a number of technical assessments including economic, environmental, social and regional considerations,” Ms York said.