TRUenergy has welcomed the New South Wales (NSW) Government's planning approval for a second gas-fired power station development on the existing power station site at Tallawarra near Wollongong in New South Wales.
"This is an important step in the process of developing further reliable, clean electricity for NSW and the National Electricity Market," TRUenergy's Director Operations and Construction, Michael Hutchinson, said.
TRUenergy's existing 420MW combined cycle gas-fired power station on the Tallawarra site began commercial operation in January 2009. Construction commenced in November 2006. It is considered to be one of Australia's most efficient gas-fired power stations and has provided reliable electricity supply for NSW and the National Electricity Market since it began operating.
"A final investment decision on the timing for a new power station development and the type of development will depend on a number of factors including a detailed study into the future electricity demand of our customers and the energy market in NSW, and policy settings such as any carbon price signal," Mr Hutchinson said.
TRUenergy is one of Australia's largest integrated energy providers with more than 1.25 million electricity and gas accounts. It operates a diverse portfolio of generation assets including the Yallourn Power Station in Victoria, the gas-fired Hallett Power Station in South Australia and Tallawarra A. It operates a major gas processing and storage facility at Iona in south western Victoria.
It is also involved in the development of wind farms through the Roaring 40s joint venture with Hydro Tasmania, the Paralana geothermal project and is the lead proponent for a 180MW solar PV power station in northern Victoria.
In December 2010, TRUenergy reached agreement with the NSW Government to acquire EnergyAustralia's retail business, the Delta Western gentrader bundle for the Mount Piper (1400MW) and Wallerawang (1000MW) coal-fired power stations, and three power station development sites. The acquisitions are expected to be completed by 1 March 2011.
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