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Australia to invest billions in hydroelectric project

Thursday, 16 March 2017 9:09 AM [ Last Update: Thursday, 16 March 2017 9:09 AM ]

This handout photograph taken and released by the Official Photographer to Prime Minister Malcolm Turnbull on March 16, 2017 shows Australian Prime Minister Malcolm Turnbull visiting the Tumut 3 power station at the Snowy Hydro Scheme in Talbingo, in the Snowy Mountains. (Via AFP)

Billions of dollars will be pumped into a massive hydroelectric project in Australia, the prime minister said Thursday, as the country faces a growing power crisis after a huge blackout and heatwave strained supplies.

The expansion of the Snowy Mountains Scheme in New South Wales State could provide electricity to 500,000 homes, which Prime Minister Malcolm Turnbull described as an “electricity game-changer.”

The project, involving new tunnels and power stations, would boost the capacity of the 4,100-megawatt hydro-electric plant by 50 percent and is estimated by local media to cost up to Aus$2 billion (US$1.5 billion).

“Every Australian should be confident that they can turn the lights on when they need them,” Turnbull said in a statement.

This undated handout photo released on March 16, 2017 by Snowy Hydro Limited shows a view of the Tumut 3 power station at the Snowy Hydro Scheme in Talbingo, in the Snowy Mountains. (Via AFP)

Although Australia is one of the world’s largest producers of coal and gas, there are question marks about its energy security after South Australia suffered a statewide blackout in September and record-high temperatures in recent months put pressure on supplies in the country’s east.

The closure of several ageing coal-fired power plants, strong demand for gas exports and a rise in onshore gas drilling bans have fueled concerns of a looming domestic energy shortage.

“The unprecedented expansion will help make renewables reliable, filling in holes caused by intermittent supply and generator outages,” Turnbull said.

But Danny Price, a former energy adviser to Turnbull, said while the hydro technology was robust and viable, it would not fix current power woes.

The South Australian government on Tuesday unveiled a Aus$550 million plan that included building a new gas-fired power plant and the country’s largest battery to store energy from the wind and sun.

(Source: AFP)

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Australia Australia Asia-Pacific Asia-Pacific South Australia South Australia power plant power plant electricity electricity Malcolm Turnbull Malcolm Turnbull energy energy security security