1000 jobs and no railway required?
Waratah coal says Galilee could be generating power in three years
Wednesday 01 March 2017
A subsidiary of the Clive Palmer-owned Waratah Coal has lodged an expression of interest with the federal government's Clean Energy Finance Corporation (CEFC) for the construction of a low-carbon power station in the Galilee basin.
The move is a speculative one for the proponents Galilee Power Pty Ltd because carbon capture and storage is not currently recognised by the CEFC as a “clean” energy technology that it can invest in.
However, Managing Director of Waratah Coal Nui Harris told media yesterday that they floated the idea in the hope that CEFC might revisit the rules.
“We thought we would throw our hat in the ring,” he said.
“Should Carbon Capture and Sequestration become part of the criteria for the CEFC, then we could basically kick this project off immediately and have it built in a three-year time period and have it fill the power gap that exists in South Australian and NSW.
Galilee Power first lodged paperwork with the government for the proposed 900-megawatt power station 30 kilometres west of Alpha in 2009. Later that year it was gazetted as a “coordinated project” by the Queensland Government. However, that label lapsed in 2015 due to inactivity.
According to the initial terms of reference for the EIS, the power station would generate 1000 jobs in construction and require about 60 people to operate it.However, the previous cost estimates of $1.25 billion would have to be revisited according to Galilee Power if they were successful in being allowed to make an application to the CEFC.