Skip to main content

Broad approach necessary for securing new investment in reliable power for Australians

Published by
World Coal,

The release of the government’s short-list of projects for detailed consideration through the Underwriting New Generation Investment programme represents a major step forward in ensuring that Australia is capable of providing electricity when and where it is needed to Australian businesses and households.

Australia is facing major challenges in the provision of affordable and reliable power.

Australia has some of the most expensive electricity prices in the developed world yet as 200 000 Victorian households and businesses experienced just over two months ago, the country’s power supply is insufficient to meet the growing energy needs of a modern economy.

The importance of baseload power supplies based on a technology-neutral approach – and supporting investment in generation plants providing electricity 24 hr/d, regardless of weather conditions – has been taken for granted.

The resources sector consumes around 14% of Australia’s electricity in mining operations and value-adding through minerals processing. Australia employ one in 10 Australians.

Without affordable and reliable energy supplies, our reputation as a reliable supplier of minerals to the world and our ability to sustain regional communities will be in jeopardy.

The announcement is a welcome start in ensuring Australia’s electricity system is capable of delivering affordable power when it is needed with lower emissions.

Read the article online at:

You might also like

OSIsoft webinar

WEBINAR: The hidden value of digital transformation in coal mining

In this webinar, OSIsoft will highlight some aspects of a successful digital transformation journey and discuss the top priorities that mining executives are looking for. They will also see how mining companies around the world benefit from real-time operational data to improve their safety results & their asset reliability and to optimise their operations. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Australia coal news Minerals Council of Australia news