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Bowen $5b pumped hydro project gets Danish interest

Copenhagen Infrastructure Partners has started negotiating for a role in the $5 billion Bowen renewable energy hub in central Queensland.

Aug 16, 2022, updated Aug 16, 2022
The Bowen River dam and pumped hydro has lost its Federal Government funding

The Bowen River dam and pumped hydro has lost its Federal Government funding

The project, which includes pumped hydro, a dam and an irrigation scheme, has already received a promise of $483 million from the Federal Government and was expected to get an offtake agreement with a State Government owned utility.

Bowen River Utilities, which is the proponent of the scheme, said Copenhagen Infrastructure IV had identified the pumped hydro aspect of the project as a promising investment and was in discussions about co-development and equity.

CS Energy is also considering having a role in the pumped hydro and has already signed a memorandum of understanding. A binding heads of agreement was anticipated soon.

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The first stage of the pumped hydro was forecast to be operational by 2028 and would deliver 750 megawatts and 16 hours of storage (12,000 megawatt hours). Stage two would come on line in 2033 and deliver another 12,000 megawatt hours.

 

 

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