Clive Palmer announces $1.54 billion power station for Galilee Basin
CLIVE Palmer says he will back up his plans to mine Queensland’s Galilee Basin with a new $1.54 billion coal-fired power station.
QLD Business
Don't miss out on the headlines from QLD Business. Followed categories will be added to My News.
CLIVE Palmer says he will back up his plans to mine Queensland’s Galilee Basin with a new $1.54 billion coal-fired power station.
The former MP today announced plans to build a 700 megawatt power station to support his mining interests in the coal-rich region, under a mining lease held by his company Waratah Coal.
“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 in a statement.
RELATED: CREDITORS OWED IN REFINERY COLLAPSE
RELATED: PALMER DEFENDS CALLING MAYOR B***H
“The Galilee Power Station will be developed as a contingent component of the overall (Galilee Coal 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.”
RELATED: MINERALOGY LOSES COURT BID TO STALL $24M PAYMENT
Waratah Coal, a subsidiary of Mr Palmer’s company Mineralogy, is seeking to amend a draft Environmental Authority to include the power station.
Mr Palmer says construction will get underway in June 2020 and be ready to provide power to his projects from December 2023.
R.M. Williams digs heels in over Adelaide rental dispute
R.M. Williams is facing a legal stoush in its spiritual home of Adelaide with its former landlord taking it to court for about $200,000 in disputed rent and other costs.
Gupta’s woes spread to NSW as coal workers stood down
Workers at Tahmoor Coal in NSW have been stood down on full pay and production curtailed, as rumours swirl that Sanjeev Gupta’s debt worries have spread beyond Whyalla.