Ironically the uranium produced by Olympic Dam will be sold to China and India to generate cheap baseload power.
Interestingly, the Chicago-Rockford International Airport announced today plans to build a 20-MW Solar Array.
Projected cost: over US$130 million
We understand the requirements will compose a hybrid of sources but if the "Big Australian's" 700MW capacity expansion plans were entirely solar that would approximate a capital expenditure of $4.7 BILLION.
"...Kallis describes it as a $1.5 billion project, but the costings are not very exact at the moment..."
Indeed.
And, at a little over $2.4 million per MW, one would say alarmingly cheap.
Perhaps it would have been pertinent to inquire of Mr Kallis exactly what the $1.5 billion would be spent on and whether he was submitting his "clean energy precinct" 'vision' for funding consideration to the newly created A$10 Billion Clean Energy Fund?
PTR Price at posting:
11.4¢ Sentiment: Sell Disclosure: Not Held
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