Weatherill Govt To Build 250 MW Gas Power Plant

Weatherill Govt To Build 250 MW Gas Power Plant

South Australia Premier Jay Weatherill

More Than 30 Expressions Of Interest To Build Government-Owned Power Plant

Victor P Taffa

State Government has received 31 expressions of interest to build the 250 MW government-owned gas power plant.

“In just one month, we’ve completed two separate Expression of Interest processes, and we’ve been encouraged by the strong response from across the country and around the world.” Premier Jay Weatherill said.

Two-week Expression of Interest process closed this week.

There’s been interest from a dozen countries, including Australia, China, Malaysia, Singapore, France, Finland, Spain and the United Kingdom.

“We’ve also legislated new powers to take back control of the energy market.”

It comes as the Government marks one month since the release of the energy plan South Australian Power for South Australians.

“In just two weeks, we’ve received strong interest from a dozen countries looking at building our gas power plant.” Minister for Energy Tom Koutsantonis said.

Since its release, the Government has made strong progress on each element of the plan.

 

Building Australia’s largest battery

Two-week EOI period closed on March 31, with 90 Expressions of Interest received.

Submissions are now being evaluated.

Incentivising increased gas production in South Australia

$24 Million worth of gas exploration grants awarded to 5 gas projects. A second round of grants is now open for applications.

Building a government-owned gas power plant

Two-week EOI period closed on April 11, with 31 Expressions of Interest received.

Submissions are now being evaluated.

Introducing new Ministerial powers to direct the market

Legislation introduced to Parliament on March 28 and passed through the Upper House on April 11. The new laws will come into effect on April 26, 2017.

Introducing an Energy Security Target

Energy Security Target will come into effect on July 1, 2017.

New Generation for more competition

Tender process has now closed. The Government is shortlisting applications.

 

Background

State Government released its energy plan South Australian Power for South Australians on March 14.

$550 Million plan will increase security, boost competition and put downward pressure on prices. The plan will also ensure more of the State’s power is sourced, generated and controlled in South Australia.

New gas power plant is budgeted to cost $360 Million, $150 Million will be committed to the SA Renewable Technology Fund and new PACE grants are worth $24 Million.