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Access unlimited content, the digital versions of our print editions - Today's Paper, as well as the Newcastle Herald app. Follow our Australia news live blog for the latest updates, sold the 1,320-megawatt Vales Point power station, likely to cost hundreds of millions of dollars, seeking approval to pay a senior barrister. The power station doesnt currently have a valid air pollution licence. Our Morning Edition newsletter is a curated guide to the most important and interesting stories, analysis and insights. Michael Mazengarb is a Sydney-based reporter with RenewEconomy,writing on climate change, clean energy, electric vehicles and politics. We will continue to invest in the station both for ongoing energy needs and for system security, said the spokesperson. However. NSW coal region councils join forces for huge renewable energy mandate, Japans pivot to renewables will kick Australian exports right in the thermals. For more detailed local information see the Lake Macquarie Hunter Recreational Fishing Guide Back to top By 2050, green hydrogen has the potential to drive $350 billion in investment across Australia in current dollars and up to $26 billion per year in additional GDP, supporting the emergence of new decarbonised industries such as green steel and ammonia.. Sydney, NSW 2000 To disable your cookies, please click on Settings. Brisbane-based energy consultant Trevor St Baker and coal baron Brian Flannery. Recent state government announcements in Queensland and Victoria look to cut coal generation out of the energy mix as soon as possible. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We oppose this sale as it is NOT in the local, state or national interest: The Liddel power station in the NSW Hunter is already set to close in 2023, but the report said at least one more closure in the state is likely before 2025. "We predict that gas power station output will fall by 78 per cent and coal output . Level 7 When queried, the department told RenewEconomy that the funding set aside in the budget was considered to represent value for money. Follow us on LinkedIn, Facebook or Instagram. AGL Energy has also brought forward the closure of its 2220 MW Loy Yang A plant in Victoria to 2035. This site uses "cookies" to give you the best experience on this website. . Eraring and Vales Point power stations could be running multi-million dollar annual losses by 2025, the Institute for Energy Economics and Financial Analysis report found. The big energy companies are also feeling the pressure from the Morrison government over the proposed closure dates for older coal-fired power stations. It leaves the Morrison governments UNGI program has still having supported no new generation investments, despite being first announced in October 2018, and announcing a dozen shortlisted projects more than two years ago. Cooking with gas: How bad for your health is it, really? Description. Nitric oxide oxidises in the atmosphere to form nitrogen dioxide. A Morrison government plan to fund upgrades at the Vales Point coal fired power station fell through after the government offered insufficient funding for the upgrades to take place, with owners Delta Electricity warning the plant could close early, documents obtained under FOI show. Vales Point was commissioned in 1978, and its two turbines generate 1,320 megawatts of electricity, accounting for 11 percent of NSW's energy. The Vales Point Power Plant is currently set for closure in 2029, but the EPA ruling delivered on 28 October 2022 could bring that date forward to 2025. To learn more, read our Privacy Policy. But Delta managing director Greg Everett described the objections raised about the time limits for its application for an exemption as an administrative interpretation issue, not an environmental one. As outlined in the budget speech and subsequent announcement, the budget allocation has a funding cap of $8.7m, which is below that which Delta requested, leaving a substantially higher quantum of funding by Delta, Delta said in the letter. Your digital subscription includes access to content from all our websites in your region. Delta Electricity knocked back in February a $9 million government grant to upgrade one of the plants turbines. Mr St Bakers proposal was also raised as the Federal Government approved the controversial Wallarah 2 underground coal mine north of Wyong, leading critics to warn the government could kiss goodbye to the Liberal-held Central Coast seat of Robertson because the community strongly opposes amine in the regions water catchment. The Lake Macquarie community and the Lake itself has long suffered as a result of pollution from the Vales Point power station. These are known as blue hydrogen. Please try again later. But Tom Allen, director of Australian energy and utilities research with UBS, said the markets focus would be on the long-term viability of black coal-fired generators in NSW, particularly amid the NSW governments plan to ramp up renewable energy investment, which will place prices under further pressure. 4), for a total of 875 MW. Mr St Baker would not reveal the price of the deal, but said we didnt get close to $700 million. Contents 1 Location 2 Background on Plant 3 Carbon capture project 4 Environmental Impact 4.1 Air pollution 4.2 Coal ash dam 5 Future shutdown date 6 Interest in buying Liddell coal plant the nominal closure of Vales Point . 15% of Wyong and 11% of Gosford population suffer from 3 or more chronic health conditions including asthma, cardiovascular disease and diabetes, compared to 5% or less across Sydney. POWER magnate Trevor St Baker is expected to lodge a proposalwith the Federal Government today for a new Hunter or Central Coast coal-fired power station with a Chinese joint venture partner. The NSW EPA noted that environment department modelling found that ground-level concentration of NOx in the community meets national health standards. It was commissioned in 1978 and is located on the southern shore of Lake Macquarie. Australia's fleet of coal-fired power stations are aging and many are due for decommissioning, and are being replaced by a combination of mostly renewable energy. The proposed plant would adjoin the existing 1320 MW Vales Point power station owned by Delta Electricity. The sale will facilitate this growth as Sev.en has shown a commitment to the sector and an ambition to expand, both in Australia and globally.. Future Sooner, local residents and health professionals are deeply concerned if this sale goes ahead it will extend the life of this filthy, old, polluting coal-fired power station and prolong the damage that is already affecting our health, said Gary Blaschke OAM, resident of Lake Munmorah, cancer sufferer and Future Sooner spokesperson. Sign up to The Sydney Morning Heralds newsletter here, The Ages here, Brisbane Times here, and WAtodays here. Victoria Energy Policy Centre director Bruce Mountain said the Victorian government had struck an entirely sensible deal with EnergyAustralia to bring forward closure at Yallourn, which provided a long lead time of seven years for the market to fill gaps in power supply by 2028. Were working to restore it. Coal-fired power will be needed to keep the lights on for another couple of decades, said Mr St Baker, who is an investor in fast charging system provider Tritium, which listed in New York early this year, and Evie Networks, among other energy interests. Mr . The black coal burned at Vales Point is more expensive than Yallourns brown coal, Mr Everett said, but Vales Point could be run with more flexibility to quickly ramp output up or down to better match demand limit production costs. We will not spam you or sell your details. 1 to 3) and one of 275 MW supplied by Associated Electrical Industries (unit no. Sign up to Guardian Australia's Morning Mail, Our Australian morning briefing email breaks down the key national and international stories of the day and why they matter. Publicly owned until 2015 when sold to Sunset International Power for $1 million, the deal capped the new owners site rehabilitation costs to just $10M. Coal is carbon. September 2022 Delta Electricity agreed to sell to Czech company, Sev.en Global Investments. Help using this website - Accessibility statement, Alinta Energys Hong Kong-based owner Chow Tai Fook Enterprises is understood, EnergyAustralias owner CLP Group, also based in Hong Kong, is in the market, AGL Energy is struggling to determine its forward strategy. It has been announced that the ageing Vales Point coal-fired power station on the Central Coast, NSW is to be sold by the Australian Delta Energy to the Czech fossil fuel investment company Sev.en, owned by billionaire Pavel Tyka. The energy and materials can be provided by either renewable power and water, orcoal and gas. Two investors have bought one of NSW's largest coal-fired power stations for the price of a nice suburban house. In December last year, Vales Point was issued with an order to limit its emissions of nitrogen oxide. St Baker said that financing the projects would not be sought from Australian banks but instead would rely solely on international lenders. [6], Carbon Monitoring for Action estimates this power station emits 9.32 million tonnes of greenhouse gases each year as a result of burning hydrocarbon fuels.[7]. The EPA granted Delta an exemption to the licence, however, the exemption went hand in hand with an order to reduce daily levels. Leading Edge Energy is proud to be a signatory of the National Customer Code for Energy Brokers, Consultants and Retailers. Unit no. [1], In March 2019 Prime Minister Scott Morrison announced that Delta Electricity's proposal had been shortlisted but provided no details.[2]. the practices of Delta Electricity, past and present that are driving a range of water pollution impacts in Lake Macquarie, the sale of the power station to Se.ven Global Investments, Closure planning, decontamination and rehabilitation. [3] The plan for a new 660-MW plant appears to be cancelled. However. At home, the National Energy Resources Australia is offering $1.7 million in seed funding for hydrogen business to set up industry hubs, the Clean Energy Finance Corporation has a $300 million fund for hydrogen projects - including those powered by fossil fuels, and the Australian Renewable Energy Agency has $70 million available for green hydrogen projects. Future: Part of the Vales Point power station on the Central Coast. Delta confirmed that it had terminated contracts with relevant suppliers for the turbine upgrades. offsite water contamination from the south-east portion of the ash dump identified in the Environment Protection Licence this year. These fossil fuel power stations burn coal to power steam turbines that generate some or all of the electricity they produce. We use "cookies" to enhance your experience on our website.

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