Stanwell laments lost power station benefits
Posted by Pat Kershaw on December 8, 2006
Well well well. are we serious about the environment? NO
The bottom dollar is all powerful.
Should it all be about economics, I know there needs to be a balance, as the money needs to come from somewhere, and increased power costs is a great way of hobbling economic development and growth… But…
The Stanwell Corporation has expressed regret that the environmental benefits of a power station to be built near Rockhampton, in central Queensland, will be lost… [after] A feasibility study ..found that the $330 million project is not economically viable.
The future of the planned $1.4 billion coking plant nearby is still being assessed. Stanwell acting chief executive Gary Humphrys says the power station would have turned the waste heat of the coking plant into electricity. “And that goes to again our disappointment that the economics for us didn’t stack up,” he said. “Accepting the waste heat and converting that into electricity was certainly an environmentally sustainable and sensible thing to do … and yet the economics didn’t stack up.”
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