Follow us on LinkedIn, Facebook or Instagram. NSW has committed to reach net zero greenhouse gas emissions, and the Hunter region is zoned for renewable energy development to help reach the goal.
Eraring closure has no impact on future of Vales Point Mr St Bakers proposal was also raised as the Federal Government approved the controversial Wallarah 2 underground coal mine north of Wyong, leading critics to warn the government could kiss goodbye to the Liberal-held Central Coast seat of Robertson because the community strongly opposes amine in the regions water catchment. The decision by the EPA now allows for these conditions and limits to remain in Deltas Environmental Protection Licence, Delta spokesman Steve Gurney said. Read more:The power station offloaded by the NSW Government for $1 million suddenly has a future. Vales Point was the first major power station in New South Wales to be located near its fuel source (coal). Billionaire Trevor St Baker will reignite plans for a 20-year extension of NSW's Vales Point coal power station amid fears the early closure of Origin Energy's giant Eraring plant may lead to market volatility and higher prices. These fossil fuel power stations burn coal to power steam turbines that generate some or all of the electricity they produce. NSW EPA Chief Tony Chappel said the exemption, coupled with the requirement to cut emissions strikes the right balance between safeguarding environmental health and supporting NSWs need for reliable and affordable energy. Health at GoPetition. The value of the NSW coal power plant was cut to $156 million, down from $732 million in 2017 when power prices skyrocketed after the closure of the Hazelwood power station, documents. It just staggers me that Australia is so far behind the rest of the world which is switching to renewables while were still talking about projects like this, Ms Wynn said. Sign up for our newsletter to stay up to date. [9][10][11], Vales Point Power Station was used as the location for the Midnight Oil US Forces music video.[12][13]. We do not want this in foreign hands. Access unlimited content, the digital versions of our print editions - Today's Paper, as well as the Newcastle Herald app. Delta said it did not make financial sense to proceed with the upgrade with the smaller grant amount, given ongoing uncertainty in the energy market and the looming closure of the power station, currently slated for 2029. Sign up to The Sydney Morning Heralds newsletter here, The Ages here, Brisbane Times here, and WAtodays here. AGL Energy has also brought forward the closure of its 2220 MW Loy Yang A plant in Victoria to 2035.
[3], In September 2022 Sunset Power owners announced the sale of Vales Point Power Station to a Czech family investment group Sev.En Global Investments.[4]. Mannering Park Progress Association spokesperson Sue Wynn said a new coal-fired power station at Vales Point was the worst news Mannering Park and surrounding areas could possibly hear. Alinta Energys Hong Kong-based owner Chow Tai Fook Enterprises is understood to have fielded approaches for the Australian business, which includes the large Loy Yang B coal power generator in Victoria. "We predict that gas power station output will fall by 78 per cent and coal output . We call on Federal Treasurer the Hon Dr Jim Chalmers and the NSW Treasurer and Minister for Energy, the Hon Matt Kean, to refuse the proposed sale of Vales Point Power Station to Czech company Sev.en. Every time an old coal-fired power stations closes to be replaced by renewable energy, theres an immediate health benefit to communities within 100 kilometres of the facility, Dr Ewald said.
Federal Budget 2020: 'Scandalous' Vales Point coal project slammed "Hundreds of thousands of people living near Australia's largest power station do not know what they are breathing," the report states. It leaves the Morrison governments UNGI program has still having supported no new generation investments, despite being first announced in October 2018, and announcing a dozen shortlisted projects more than two years ago. But Tom Allen, director of Australian energy and utilities research with UBS, said the markets focus would be on the long-term viability of black coal-fired generators in NSW, particularly amid the NSW governments plan to ramp up renewable energy investment, which will place prices under further pressure. Vales Point is located on the southern shore of the lake, near the township of Mannering Park.
Vales Point Power Station - Wikipedia . Two years on from the sale, the facility was valued at $722M. This field is for validation purposes and should be left unchanged. The Vales Point coal-fired power station near the shores of Lake Macquarie, in NSW.James Whelan Goldman Sachs said Vales Point, backed by energy mogul Trevor St Baker, was facing "closure potential". Vales Point provides 11% of NSW electricity. It has been announced that the ageing Vales Point coal-fired power station on the Central Coast, NSW is to be sold by the Australian Delta Energy to the Czech fossil fuel investment company Sev.en, owned by billionaire Pavel Tyka. Correspondence obtained through an earlier FOI request shows that Delta Electricity and the department undertook negotiations throughout 2020, ahead of funding being awarded in the federal budget. Delta chief executive Greg Everett said the proposed deal, which has yet to be approved by the Foreign Investment Review Board, was a positive development for Delta and its stakeholders.
Delta Electricity turns down $8.7 million grant for Vales Point The black coal burned at Vales Point is more expensive than Yallourns brown coal, Mr Everett said, but Vales Point could be run with more flexibility to quickly ramp output up or down to better match demand limit production costs. However. Origin Energys 2000 MW Liddell plant will close in early 2023. In December 2021, the value of the power station was written down to $156 million and in September 2022 Delta Electricity agreed to sell to Czech company, Sev.en Global Investments.
Plunging energy prices sink Vales Point power station But Delta managing director Greg Everett described the objections raised about the time limits for its application for an exemption as an administrative interpretation issue, not an environmental one. Mr St Baker said Evie Networks was moving into a capital-intensive phase with the rollout of 300 fast charging stations around Australia, while he was also involved in developing e-mobility in the Philippines. The proposed plant would adjoin the existing 1320 MW Vales Point power station owned by Delta Electricity. The sale reportedly netted Delta $200m despite the company paying only $1m to buy it from the NSW government in 2015, prompting the states opposition to accuse the Coalition of having dudded taxpayers over the sale. The REZ will not only attract investment in clean energy, it will also underpin the growth of new low-carbon industries such as green hydrogen, ammonia and metals production which the world is going to need as it decarbonises, Mr Crouch said. the nominal closure of Vales Point . Delta Coal which supplies Vales Point have an active proposal to continue mining largely exploited seams under the lake and ash dump until 2029 and community fears over worsening pollution impacts from this aging facility under this potential new ownership have been made public. Delta also blamed ongoing regulatory and policy uncertainty, which it said, does not represent an appropriate investment environment.. The NSW EPA noted that environment department modelling found that ground-level concentration of NOx in the community meets national health standards. To disable your cookies, please click on Settings. Cooking with gas: How bad for your health is it, really? The power stations end of technical life is set for 2029.
Mr . The owners of the Hazelwood coal plant in the Latrobe valley only provided five months notice ahead of its closure in 2017, which delivered a big blow to the workforce and Victorias power prices. It was a good letter from Anne Aldcroft (CCN380) regarding dog owners not doing their duty.
The WHO annual guideline for PM2.5 of 5 ug/m3 is breached across the Sydney Greater Metropolitan Area, and coal power station NOx is a significant contributor to this pollution. In our view, the risk of accelerating coal generation closures is increasing as the market makes room for the rapid addition of renewable generation.. September 2022 Delta Electricity agreed to sell to Czech company, Sev.en Global Investments.
Eraring power station - Global Energy Monitor Environment Justice Australia and the Nature Conservation Council have questioned whether the renewal of a licence granting the plant operators exemptions from some pollution standards for nitrogen oxide is valid because, they say, Delta applied for the renewal after the deadline. Thermochemical reactions drive the other two methods. The big energy companies are also feeling the pressure from the Morrison government over the proposed closure dates for older coal-fired power stations. The study also criticized the absence of air pollution monitoring within 25 km of Eraring and the nearby Vales Point power station. As previously revealed by RenewEconomy, Delta told the Department of Industry, Science, Energy and Resources in December that it would not proceed with a formal application for $8.7 million in grant funding that had been set aside in the 2020 federal budget. Records date back to 2011. The analysis found if power prices continued to decline, Yallourn, along with the Eraring, Mt Piper, Vales Point B and Gladstone black coal plants would be making a loss by 2025.
Vales Point A power station (replacement) - Global Energy Monitor In December last year, Vales Point was issued with an order to limit its emissions of nitrogen oxide.
Delta flagged early closure of Vales Point coal plant when it rejected Eraring and Vales Point power stations could be running multi-million dollar annual losses by 2025, the Institute for Energy Economics and Financial Analysis report found. NSW is facing a potential shortage of reliable power as coal power stations shut down, with the closure of AGL Energy's Liddell plant in the Hunter Valley in April 2023 set to be followed.
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