Premier Annastacia Palaszczuk said the Queensland Government would support Genex’s project at Kidston with up to $132 million, supporting 500 construction jobs.
Publicly owned Powerlink will build a single circuit transmission line from Genex’s Kidston site to Mount Fox near Ingham, linking the hinterland to the National Electricity Market.
“North Queensland has high-quality wind and hydro-electric resources and providing transmission connection is the key to sparking investment in these resources,” the Premier said.
“This investment unlocks access to more energy generation for North Queensland.
“This infrastructure will support the development of a clean energy hub in the North, providing jobs, investment and energy security.”
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Energy Minister Dr Anthony Lynham said detailed planning was expected to start soon, with work to start on site early next year after the wet season.
“Building this breakthrough 186km transmission line and associated infrastructure will create 400 jobs over two years,” he said.
“The Genex project itself will have a peak construction workforce of about 500 people per annum for the first two years, 250 in the final year and 30 permanent operational jobs.
“And connecting 250MW of pumped hydro capacity will help make the North Queensland electricity network more reliable.”
The Government has also invested $1.18 million for further feasibility work on the Copperstring proposal.
The Copperstring proposal is for a privately owned electricity transmission line connecting Mount Isa and the North West Minerals Province’s processing and mining projects to the grid.
The Queensland Government has previously announced it would invest $16 million to progress to the detailed business case for raising the Burdekin Falls Dam wall as part of the next stage of the Burdekin Hydro project.
North and Far North Queensland currently have 1700 megawatts of operational renewable energy generation capacity, and another 60 megawatts to begin exporting at the Kennedy Energy Park near Hughenden.
Other potential projects in early stages of development include:
- Equis’ solar farm near Collinsville North
- Infigen’s solar farm near Bowen
- Pacific Hydro’s Haughton Solar Farm Stage 2.
The Queensland Government says its contribution is subject to agreement on final conditions with Genex to ensure value for money for taxpayers and the timely delivery of the Kidston project to support jobs in North Queensland.
In July, Genex announced the Northern Australia Infrastructure Facility (NAIF) Board has made an investment decision to offer finance for the Kidston Stage 2 Pumped Storage Hydro Project (K2-Hydro) through the provision of a debt facility for up to $610 million.