TRUenergy , the Australian electricity supplier owned by Hong Kong's CLP, has won New South Wales state approval to build a 450 MW gas fired power plant at Tallawarra.
According to Bloomberg, the proposed Tallawarra station is estimated to cost about A$200m ($200m) or A$330m, depending on whether it is designed to provide baseload power delivered around the clock or to meet peak demand, the state government said. The facility would have a capacity of as much as 450 MW, the statement said.
TRUenergy is set to gain other development sites for gas fired power stations after agreeing last month to acquire New South Wales electricity assets..
TRUenergy operates the Yallourn coal-fired station in the Latrobe Valley, about 150 km (90 miles) east of Melbourne. The station supplies 22 per cent of Victoria state's electricity and 8 per cent of Australia's, the company says.
The unit of Hong Kong’s biggest power supplier agreed to buy assets including retailer EnergyAustralia for A$2.04bn from New South Wales. The acquisitions are due to be completed by March 1, it said.