CLP's EnergyAustralia approves Tallawarra power station expansion
03/05/2021 22:37
May 4 (Reuters) - Australia's third-largest power retailer
EnergyAustralia said on Tuesday it had approved the expansion of
its gas-fired Tallawarra power station after reaching an
agreement with the government of New South Wales.
The expansion will make the Tallawarra station in the
Illawarra region the country's first net-zero emissions hydrogen
and gas power plant, which will deliver power to around 150,000
homes, the company said in a statement.
The move comes at a time when Australia's power industry is
facing pressure to curb its emissions and reduce electricity
bills for households and small businesses. urn:newsml:reuters.com:*:nL4N2MM1AX
EnergyAustralia earlier this year announced plans to shut
down its aging Yallourn coal-fired power station in Victoria in
2028, four years earlier than previously warned, sparking
concerns about supply and prices. urn:newsml:reuters.com:*:nL1N2L800T
"The (Tallawarra) station will be operating in time for the
summer of 2023-24, following the closure of the Liddell power
station, and it will help to kick start the green hydrogen
industry," outgoing Managing Director Catherine Tanna said.
EnergyAustralia, which is a unit of Hong Kong's CLP Holdings
0002.HK , said it would offer to buy 200,000 kilograms of green
hydrogen each year from 2025 for the power station.
(Reporting by Sameer Manekar in Bengaluru; Editing by Aditya
Soni)
((Sameer.Manekar@thomsonreuters.com; +918061823447;))