The leadership upheaval at the country’s electricity providers continues, with Catherine Tanna to step down as EnergyAustralia chief executive on July 1.
4 days ago
Australian billionaire Dr Andrew Forrest has announced plans to build a gas and hydrogen dual-fuelled power station at Port Kembla.
The $1 billion initiative, funded by Dr Forrest’s privately owned Squadron Energy, will provide industries and households in NSW with access to affordable, green energy.
Stage one of Andrew Forrest’s plan, the Port Kembla Gas Import Terminal, is currently under construction at Berth 101 of the Port of Port Kembla.
Stage two was the development of a gas-fired power station linked to the Gas Import Terminal, and was shortlisted by the federal government in the Underwriting New Generation Investment scheme.
Gas shortage looms for NSW and Victoria by 2024
Feb 16, 2021 – 12.00am
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Australia will face an east coast gas shortage unless decisive action is taken to bring forward new projects over the next two years, the Australian Competition and Consumer Commission says.
While the ACCC acknowledged gas prices further fall – from $8 to $10 per gigajoule in late 2019 to $6 to $7 per gigajoule by mid-2020 – the supply outlook remained uncertain.
More gas pipelines are needed to bring gas reserves to southern states.
Michelle Mossop
The ACCC said it was concerned there had not been enough action taken to deal with the supply issues since last year’s report.
8 February 2021
Australian listed wind farm developer Tilt Renewables has revealed it has received a number of non-binding offers to buy the company, in the latest development spurred by a strategic review launched late in 2020 by majority shareholder, Infratil.
Tilt said in an ASX statement late last week that it had reviewed a number of proposals from unnamed suitors and had decided to proceed to the next step with some of them, with the financial guidance of Lazard, and irrespective of the Infratil review.
“The board of Tilt Renewables has reviewed the proposals and decided to grant a number of parties access to due diligence material to enable these parties to prepare binding proposals,” the February 4 statement said.