Australian (ASX) Stock Market Forum

The future of energy generation and storage

Yes, we pay a lot of tax, but the pollies have divested the supply of power to private companies and now they are finding that the public still holds them (the government) responsible for the supply of essential services.

The gov't might as well take back responsibility for power delivery, because the public will judge them on its delivery anyway, while private companies will just walk away if it gets too hard, like they did with Hazlewood.

Well no doubt Bill will sort it out.
Abbott said buy Liddell and keep it going, or build a new one, he was shot down as usual.
 
(without distracting from the general thread progress because the point being made is valid - when it is said that the private COY walks away from things like Hazelwood that is a $750M and 30 year 'walk' before handing back following rehabilitation - no idea about enforcement of that though)
 
Clive's our future ;)

https://www.4ca.com.au/news/local-n...ounces-plans-for-new-coal-fired-power-station

"Clive Palmer, has announced plans for a new $1.54 billion coal-fired power station in Queensland’s Galilee Basin. Launching the proposal in Brisbane today, Mr Palmer, Chairman of Waratah Coal Pty Ltd, said the 700 MW high efficiency low emission ultra-supercritical power station would be established on the mining lease for Waratah Coal’s Galilee Coal Project, approximately 30km north of the Central Western Queensland township of Alpha. “I am putting my money where my mouth is by announcing this new station so we can power Queensland and help bring down energy costs which continue to escalate,” Mr Palmer said. “At full scale, the project will comprise two open cut and four underground mines, as well as supporting infrastructure, and will produce 40 million tonnes per annum (Mtpa) of high quality thermal coal for export markets. “The Galilee Power Station will be developed as a contingent component of the overall project, providing the power needs for the mine operations, coal transportation and port operations, ready for export coal to Gladstone and future power needs for our proposed North Galilee coal mine development,’’ he said. Mr Palmer said the project would bring considerable social and economic benefits for the region. “We anticipate a workforce of approximately 1000 likely to be employed over the 36 to 42 month construction period, and up to 90 operational workforce to be required during the estimated 30-year power plant life,’’ he said. “As for the larger Galilee Coal Project, the intent is to utilise local workforce wherever possible,” Construction of the Galilee Power Station is planned to commence in June 2020 and to have a build period of three years for the first unit with the second unit being commissioned six months later. The commissioning and operations of the high efficiency low emission ultra-supercritical power station would be ready to provide power to the Galilee Coal Project during December 2023. This timing and scheduling would allow for the Galilee Coal Project to deliver first coal to Gladstone during the first quarter of 2024. Waratah Coal, a wholly owned subsidiary of Mineralogy Proprietary Limited, is a privately owned Australian coal exploration and coal development company that holds extensive mining concessions within the Galilee Basin, including the approved Galilee Coal Project, of which this project will be an element. The company is seeking an amendment to their draft Environmental Authority to include a 700 MW power station and associated transmission lines, coal handling facilities, ash containment facility and water storage facility. Mr Palmer said Waratah Coal was committed to the sustained development of local communities and would undertake effective community engagement throughout the construction and operational phases of the proposed development."
 
"Clive Palmer, has announced plans for a new $1.54 billion coal-fired power station in Queensland’s Galilee Basin. Launching the proposal in Brisbane today, Mr Palmer, Chairman of Waratah Coal Pty Ltd, said the 700 MW high efficiency low emission ultra-supercritical power station....

If he wants to use his own money without any government guarantees then go for it.
 
The Clive Adani Network - CANdo :)

Meanwhile...

"Deloitte's Global Renewable Energy Trends report released on Thursday says declining costs and advances in technology are driving demand for renewables, with solar and wind reaching price and performance parity on and off the grid.

The report says wind and solar are now viewed as solutions to strengthening grid resilience and reliability, rather than being seen as an obstacle.

Smart inverters and advanced controls mean wind and solar can provide reliability linked to frequency, voltage, and ramping "as well or better" than other generation sources."

https://www.news.com.au/national/br...y/news-story/41a68097833a74eedba2d0eafbed0ac8
 
I'm sure Australian manufacturing has the capability but what makes you think Australia would be the most productive?
 
I'm sure Australian manufacturing has the capability but what makes you think Australia would be the most productive?

Being "the most productive" is over rated, having the capability counts for a lot, and anyway Denmark is pretty similar to us in terms of labour rates and living standards, so why should we not be able to compete with them ?
 
Well Keppel Prince in Portland do manufacturer the wind towers, I know they had job losses a few years ago because projects began importing the towers instead but I think they have won a lot more contracts in recent years and expanded the workforce. Mathew Guy if he were to be elected would require renewable energy projects over $50 million use 75% local Victorian materials, supplies and labour. All though I feel this would completely cripple wind farm projects in Victoria and is completely pointless without offering any type of R&D funding for companies to produce the blades and the generators. Then again it is Mathew Guy so the aim is probably just to kill off the industry.

A local project recently damaged one of the blades during installation, this actually meant the other 2 blades were useless as they are balanced as a set of 3. Apparently the blades were just going to be put to scrap as it was cheaper ordering new ones than sending them back overseas to be balanced. At least that's what I was told.
 
That's not a reason to throw our hands up, it's an opportunity to be more productive.

Don't take this as having a go at our workers, but it probably highlights the issues with doing business in Australia, I have been on extended strikes so do understand what they are going through.
But having said that, it does show why companies find it expensive to set up shop here.
Please read the article and make up your own mind.

https://thewest.com.au/business/min...intain-indefinite-strike-action-ng-b88932432z

The workers main grievance, I think is, they apparently want a guaranteed job.
 
Don't take this as having a go at our workers, but it probably highlights the issues with doing business in Australia, I have been on extended strikes so do understand what they are going through.
But having said that, it does show why companies find it expensive to set up shop here.
Please read the article and make up your own mind.

https://thewest.com.au/business/min...intain-indefinite-strike-action-ng-b88932432z

As usual there would be faults on both sides.

That's why there is the Fair Work Commission.
 
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