Transactions - JUNE 7, 2017

AGL Energy plans new 210 MW power plant

by Jody Barhanovich

AGL Energy plans to extend the life of its Torrens Island gas-fired power plant near Adelaide, Australia, by building a new 210-megawatt plant at the site.

AGL Energy will invest A$295 million ($222.7 million) to develop the power station, replacing old thermal turbines in the 50-year-old Torrens Island facility. The Torrens Island plant currently has a capacity of 486 megawatts.

The new plant, to be known as the Barker Inlet Power Station, will comprise 12 reciprocating engines capable of generating about 18 megawatts of output each, according to news sources.

AGL plans to begin construction sometime in the third quarter of this year and have the new plant operational by 2019.

In recent months, AGL partnered in the A$3 billion ($2.3 billion) Powering Australian Renewables Fund to develop the 200-megawatt Silverton Wind Farm in New South Wales. In addition, AGL recently received a development permit from the state government for Queensland’s 460-megawatt Coopers Gap Wind Farm. The fund is a partnership between AGL, QIC and Future Fund to develop approximately 1 gigawatt of large-scale renewable energy projects in Australia.

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