Plans for gas power plant dropped in Australia

A drop in wholesale energy price demand in Australia has seen plans for a A$1.3bn gas-fired power plant being postponed.

TRUenergy has had to shelve the plans, which had been intended to replace two brown coal power plants at Yallourn in Victoria.

The company says a combination of higher east-coast gas prices beyond 2015 and lower expected carbon prices make gas-fired power less economically viable than coal.

The Australian reports that the company’s head of markets, Mark Collette, said a new power station may not be needed until much later this decade. "We are seeing further deterioration in the energy market and wholesale prices, and we don't expect conditions to improve in the foreseeable future," he said.

For more gas power news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...