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15 December 2020
Energy minister Angus Taylor’s stalled Underwriting New Generation Investments program may be deployed to underwrite two new state-owned hydro generation and energy storage projects in Tasmania.
The two projects, unveiled as part of a wider energy deal struck between the Morrison and Gutwein governments that includes federal government investment in the Marinus Link to the mainland, include the expansion of the Tarraleah hydroelectric plant, located on Lake King William in the centre of the state.
The state government-owned utility Hydro Tasmania will also conduct additional works towards the establishment of new pumped hydro energy storage facilities at Lake Cethana, identified as the preferred location for pumped hydro storage facilities that would be the first stage for a larger vision to establish Tasmania as the ‘battery of the nation’.