State stumps up $22m for pumped hydro plan
Around two thousand jobs may be created if pumped hydro's given the green light at Borumba Dam.
It's a step closer to becoming a reality with the State Government announcing $22 million for detailed design and cost analysis.
Premier Annastacia Palaszczuk says the project has the potential to be the state’s largest pumped hydro station, powering an estimated 1.5 million homes.
“More pumped hydro means more long-term, reliable energy and jobs for Queenslanders,” the Premier says.
“We’re prioritising Borumba because of its existing dam infrastructure, land access and location within the Southern Queensland Renewable Energy Zone."
Energy Minister Mick de Brenni is calling on the Federal Government to share some of the costs if the project goes ahead.
“We’re talking about nation building infrastructure,” Mr de Brenni says.
Environment groups are welcoming the move towards clean energy with Solar Citizens saying pumped hydro is essential as the grid transitions.
“This is a forward-thinking energy storage announcement," Solar Citizens national director Ellen Roberts says.
This is the kind of investment we need, rather than a rebuild of the Callide Power Station.”
The business case is expected to take up to 24 months, with a submission expected to Government by mid-to-end-2023.
Image courtesy of SEQ