POWERING AHEAD: TRUenergy is casting aside fears about the carbon tax with plans to open new generating capacity with gas-fired power stations at Ipswich and Gladstone. Picture: AFP Source: HWT Image Library
RATHER than baulking at potential carbon tax uncertainty, electricity generator and retailer TRUenergy looked at market fundamentals, such as good old-fashioned supply and demand forecasts, before deciding to risk what may eventually be a $3.6 billion investment in two Queensland power stations.
TRUenergy managing director Richard McIndo, who with Premier Anna Bligh yesterday unveiled plans for the new gas-fired plants near Ipswich and Gladstone, pointed to a recent report by the Australian Electricity Market Operator.
It suggested Queensland could have a shortfall in reserve energy generation capacity of between 341 and 779 megawatts by 2013-2014.
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Courier Mail
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