An "ultra super critical" coal-fired power plant is planned to be developed near Kurri Kurri in the New South Wales Hunter region.
Kaisun Holdings, a Hong Kong-based investment firm signed a Memorandum of Understanding with Chinese state-owned power provider, China Energy Engineering Group and a small Australian private company, Cavcorp, two weeks ago to turn the failed Hunter Economic Zone into two 1000 MW power plants.
Local authorities have reportedly been informed about plans to transform the zone into a 2000 MW coal power plant.
According to one source, it would more than replace AGL's ailing Liddell power plant (1680 MW capacity), that is due to close in 2022.
Tim Buckley, a representative from the Institute for Energy Economics and Financial Analysis, estimated a 2000 MW power plant would cost between AUS$4 billion - AUS$5 billion, and would require a government capital subsidy of about AUS$2 billion.
Read the article online at: https://www.worldcoal.com/power/12032019/new-coal-fired-power-plant-planned-for-kurri-kurri/