ARENA is
providing $4 million support towards a feasibility study into the
construction of a 330 MW pumped storage hydroelectric power plant at the
disused Kidston Gold Mine in North Queensland.
The funding will allow Genex Power Limited to build on
preliminary work already underway to examine the technical and commercial
viability of its proposed $282 million power plant.
Acting ARENA CEO Ian Kay said the work could reinvigorate
the pumped hydro storage industry in Australia and enable more renewable energy
to be used on national grids.
Read the ARENA
story - “Pumped hydro storage could breathe new life into old mines.”
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