Waratah Coal chairman Clive Palmer has proposed the development of a 700MW coal-fired power station in the Galilee Basin, Queensland, in association with his company’s Galilee Coal project.
Construction of the $1.54 billion project would commence in 2020 to support the in-development Galilee Coal project 30km north of Alpha.
The plant would provide power for the mine’s operations (which focus on export coal for shipping via Gladstone), as well as power needs for the company’s early-stage North Galilee greenfields coal project.
“I am putting my money where my mouth is by announcing this new station so we can power Queensland and help bring down energy costs which continue to escalate,” Palmer said.
“At full scale, the project will comprise two open cut and four underground mines, as well as supporting infrastructure, and will produce 40 million tonnes per annum of high quality thermal coal for export markets.”
Palmer said he anticipated that 1000 people would be employed over the power plant’s three-year development period, with up to 90 employees required throughout its 30-year mine life.
The Galilee coal project is expected to be in production in the first quarter of 2024.
“The Galilee power station will be developed as a contingent component of the overall project, providing the power needs for the mine operations, coal transportation and port operations, ready for export coal to Gladstone and future power needs for our proposed North Galilee coal mine development,’’ Palmer said.