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Gas

Gas to boost QLD electricity shortfall

Queenslanders not currently using gas as an energy source in their homes or businesses may like to consider researching gas prices and incorporating it in some way within the next two years.

Gas Today has announced TRUenergy's plans to develop two new gas-fired power stations in Queensland to combat a predicted energy supply shortfall which is expected to take place during 2013-2014.

The planned sites for the stations are Ipswitch and Gladstone, both expected to be major industrial and economic hubs in the near future for mining and engineering projects.

If the project goes ahead the stations will be developed in stages, allowing for market conditions to set the pace of construction and the method of capacity generation - TRUenergy is applying to have the sites approved for both open-cycle and combined-cycle gas technology.

TRUenergy project manager Brian Restall explained that at full capacity the stations represent a $1.8 billion investment, and require an initial boost of $400 million.

"Staging the plants allows capital to be spent when the market requires it, delivering the most efficient outcome for the market," Mr Restall said.

Posted by Callum Fleming