Blue Energy looks at central Queensland power station
Blue Energy is is investigating the option of developing a gas fired power station near Nebo in central Queensland
Blue Energy is investigating a possible new power station in central Queensland.
The company announced it has started investigating a gas fired power project near Nebo, in central Queensland.
The project would be based on its Monslatt Block, which is near existing high voltage transmission lines linking Gladstone and Townsville.
“Discussions are being undertaken with energy regulators to establish the requirements for access to the network in both Glenden and Nebo areas,” the company said.
“Discussions are also under way with potential electricity off-takers and equipment manufacturers to gauge equipment size, scalability and connection requirements.”
Blue Energy said the broader Northern Bowen Basin Gas Province had a discovered resource of approximately 15,000 petajoules of gas “which would be sufficient to underpin the east coast domestic gas market for the next 30 years, based on current market conditions”.
“Blue’s component of this estimate is currently 3248 PJ,” the company said.
“The solution to the ongoing long-term East Coast gas supply short fall, as Bass strait declines, is the delivery of more gas supply to the market. Development of the North Bowen Basin gas resource provides the quickest solution. All that is required is a 450 km pipeline connection.”
Blue has also said it starting talks with APA over potentially modifying of a pipeline from central Queensland to the southern markets.
The company said it was considering a combining its Bowen Basin gas with potential gas from the Galilee Basin in a more direct route to the southern markets.
Blue is also in talks with Queensland Pacific Metals to deliver gas from its Bowen Basin reserves to Townsville where the company is attempting to develop and battery chemicals refinery to produce nickel and cobalt sulphate for the emerging electric vehicle market.
QPM has announced the results of the pre-feasibility study on the refinery which indicated a pre-tax internal rate of return of 25.7 per cent on the project and a net present value of $880 million.
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