New power plant, gas run, to be built by the government

Will use scomo methane, he is full of it and have enough to run the whole country on energy with it...lol...gosh am I nasty this morning !!
We should add up all the recent news, to see if it can equal pep11 approval...Here a few that first come to my mind...
---Gas is needed...not really recent news!
---Gas is now accepted as a transition by EU...no longer a pb for scomo and Paris agreement.
---CCS grant is happening, Breeze to dig deeper because of this....to be confirm if it is suitable in that area...
---Gas fired plant to be built by the government as no one wanted to do it, but hey who would built a gas plant when gas price predicted to be higher, already expensive...and guess where ? oh close to pep11, oh that might drop the gas price...
---Scomo gas led recovery.
---MilesCC portfolio recovery (well yes that would be nice but maybe not a good point)

From abc news, copied and pasted

FFederal government set to build taxpayer-funded gas-fired power plant in Hunter region of NSW

By political reporter Jane Norman

Posted 3hhours ago, updated 1mminute ago

The power-plant would be the centre-piece of the government's so-called "gas-led recovery" out of the COVID-induced recession.(

Reuters: Jason Lee

)

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The Federal government is set to build a taxpayer-funded gas-fired power plant in the Hunter region of New South Wales, in what would be a major intervention in the electricity market.

Key points:

• The PM threatened to build the plant last year if the electricity sector failed to fill the gap left by the closure of the Liddell power station
• The plant is expected to be built at the site of the former Kurri Kurri aluminium smelter near Newcastle
• Mr Morrison gave the market until this Friday to make a final decision

Prime Minister Scott Morrison last year threatened to build the plant, through its company Snowy Hydro Limited, if the electricity sector failed to fill the 1000 megawatt gap left by the closure of the Liddell power station in 2023.

Mr Morrison cited modelling from the government's Liddell taskforce which suggested power prices in NSW could rise by 30 per cent if that capacity is not replaced.

"If the energy companies choose to step up and make these investments to create that capacity, we will step back," he said in September.

"If not, my government will step up and we will fill the gap."

Mr Morrison gave the market until April 30 — this Friday — to make a final decision.

EnergyAustralia subsequently proposed a 350MW gas peaking station in the Illawarra and AGL put forward a similar-sized project near Newcastle but both companies put their plans on hold following the release of last year's renewables-focused NSW energy infrastructure roadmap.

Sources say EnergyAustralia has continued to negotiate with the government, which is optimistic the company will approve its Tallawarra B project by Friday.

Even if it gets the go ahead, the government is still expected to proceed with plans for a gas-fired power station at the site of the former Kurri Kurri aluminum smelter near Newcastle.

The new station would be built by Snowy Hydro and have the capacity to generate 750MW of "on-demand" electricity.

A spokesperson for Energy Minister Angus Taylor said the government had been clear that industry has until 30 April to "reach final investment decision on 1000 MW of new dispatchable capacity in NSW".

The government's response, the spokesperson said, would be "shaped by the extent of industry action to deliver on the target".

There is speculation that the Snowy Hydro board has already approved the project.(

AAP: Dan Himbrechts

)

"The government is already preparing to step up if the energy companies don't, with Snowy Hydro securing critical NSW state significant infrastructure status for their proposed Kurri Kurri gas generator," the statement said.

"Early-stage assessments of the economics of the new gas generator at Kurri Kurri are very strong, with a larger generator expected to deliver a higher rate of return than a smaller generator."

There is speculation that the Snowy Hydro board has already approved the project, estimated to be worth more than $600 million, in anticipation of an announcement by the government.

Labor frontbencher Pat Conroy, whose electorate neighbours the Hunter region, opposes the idea of a taxpayer-funded gas-fired power plant, arguing it will increase, not decrease, power prices.

"This intervention will put up electricity prices because increasing the percentage of gas in the market is a very expensive way of boosting supply," he said.

If it goes ahead, the power-plant would be the centre-piece of the government's so-called "gas-led recovery" out of the COVID-induced recession.

Posted 3hhours ago, updated 1mminute ago

We will build it if you don't: Federal Government preparing to build a gas plant in Hunter Valley