The first render is from the Vittangi DFS (19ktpa). The second render of the larger plant is from the Niska scoping study, it isn’t new.
Anything above Niska volume would see a reconfigured/further expanded design.
What will actually be built initially won’t be either of these designs. It will be the more efficient design that was the outcome of the recent value engineering (FEED) study, which will be configured in such a way that it can be expanded in future by staging, although I’m sure they’ll factor in a degree of increased capacity, but it isn’t going to double or anything like that. To do so would breach the terms of the approvals and no doubt any debt funding. You can’t use third party funds to covertly build increased capacity, and the EIB loan is explicitly tied to the Vittangi application. They can only build what they (will hopefully) have approvals for.
We won’t see the greater masterplan design that spatially plans for increased sizing (above Niska) until a revised scoping study for Niska+ volumes is published which I guess (hope) would be Q3/Q4 this year. MT’s previous comments have been understandably guarded on this matter, but once we have the resource upgrade (due now), I think we could deduce the volume that will be in the revised study.
I could be wrong, but this is certainly how planning and funding works in Oz.
TLG Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
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