Vales Point was commissioned in 1978, and its two turbines generate 1,320 megawatts of electricity, accounting for 11 percent of NSW's energy. Sign up to receive an email with the top stories from Guardian Australia every morning. This means that every time you visit this website you will need to enable or disable cookies again. We also request confirmation that Vales Point coal-fired power station will close in 2025 and will not receive another exemption licence. The power station doesnt currently have a valid air pollution licence. Level 7 They would be Australias first high-efficiency, low emissions stations, Mr St Baker said. Eraring is now scheduled for closure in 2025 and will leave Vales Point as the last electricity-generating station standing on Lake Macquarie, however, Vales Point is also scheduled for nominal closure in 2029. On Tuesday Kean said he was still expecting the plant to close by 2029, saying the state had plans in place to ensure that the capacity of Vales Point is replaced by that time. Yalloun Power Station closure to put Newcastle's Vales Point in Eraring power station closure: NSW taxpayers could foot part of the The Vales Point Power Plant is currently set for closure in 2029, but the EPA ruling delivered on 28 October 2022 could bring that date forward to 2025. (NB only name and email is required to sign the petition - contact details are optional), You can further help this campaign by sponsoring it. (Delta Electricity have also flagged the possibility of the proposed plant being built on the the site of the nearby Liddell power station, which is slated for closure in 2022. We care about the protection of your data. To learn more about how we use information collected with cookies, please read our Privacy Policy. offsite water contamination from the south-east portion of the ash dump identified in the Environment Protection Licence this year. He floated the proposal only two weeks after the NSW Environment Protection Authority ordered Vales Point owner Delta Electricity to clean up a huge part of the power stations ash dam after dumped asbestos was found in building waste fill. The combined capacity of 2195 MW made Vales Point the largest power station in Australia at the time. Delta Electricity has stated that Vales Point's "nominal closure" is due in 2029. . The power station's end of technical life is set for 2029. Environmental Justice Australia director of advocacy and research, Nicola Rivers, said it was gob-smackingthe Australian Government would look to Mr St Baker as they seek energy solutions for the future, particularly given his companies rejection of infrastructure to limit pollution from existing power stations. With this acquisition we will significantly strengthen our presence in Australia, said Sev.en chief executive Alan Svoboda. The value of the NSW coal power plant was cut to $156 million, down from $732 million in 2017 when power prices skyrocketed after the closure of the Hazelwood power station, documents. This field is for validation purposes and should be left unchanged. Managing director Greg Everett said the decision was not due to plans for an early closure, but rather the grant approval process and timing did not meet the companys own timeline for having works completed. To disable your cookies, please click on Settings. Newcastle GP andpublic health academic Dr Ben Ewaldsaiddata from existing Hunter and Central Coast power stations provided more evidence of the need to replace old coal-fired power stations with renewable energy. 1 to 3) and one of 275 MW supplied by Associated Electrical Industries (unit no. The announcement today by Original doesnt change Vales Points position, said the spokesperson. Vales Point Power Station - Wikipedia Mr St Bakers proposal was also raised as the Federal Government approved the controversial Wallarah 2 underground coal mine north of Wyong, leading critics to warn the government could kiss goodbye to the Liberal-held Central Coast seat of Robertson because the community strongly opposes amine in the regions water catchment. Vales Point power station is a major source of NOx on the Central Coast and beyond. The funding was to be provided as an ad hoc grant under the Morrison governments Underwriting New Generation Investments (UNGI) program, meaning the funds could only be used for Delta Electricitys proposed upgrades. He noted the deal includes a coal mine that supplies the 1320-megawatt Vales Point generator and that the plant is in good order. A licence granted last year exempts the operators of the Vales Point plant, recently sold to Sev.en Global Investments, from nitrogen oxide pollution standards. Key points: Energy Australia will build a 350 megawatt, utility-scale battery in the Latrobe Valley by the end of 2026 The giant coal-fired Yallourn plant has been operating for 47 years Future: Part of the Vales Point power station on the Central Coast. 4), for a total of 875 MW. The proposed plant would adjoin the existing 1320 MW Vales Point power station owned by Delta Electricity. Parliamentary Secretary for the Central Coast, Adam Crouch, said the results of the registration of interest showed that the region was set to reap the jobs and investment rewards from the transformation of the energy system. The Vales Point power station has been operating on the shores of Lake Macquarie since the 1960's and was constructed before NSW environmental protection laws came into effect. The owner blamed the COVID-19 pandemic for reducing demand and an influx of cheaper renewables reducing wholesale electricity prices. For fossil fuel production to be clean carbon capture has to be tacked on to capture the emissions. (Delta Electricity have also flagged the possibility of the proposed plant being built on the the site of the nearby Liddell power station, which is slated for closure in 2022. The WHO annual guideline for PM2.5 of 5 ug/m3 is breached across the Sydney Greater Metropolitan Area, and coal power station NOx is a significant contributor to this pollution. Sev.en has shown a clear interest in energy businesses in Australia, ensuring that it is well-placed to provide reliable generation through the energy transition, he said. We continue to invest in the reliability of Vales Point to its notional closure in 2029. St Baker said that financing the projects would not be sought from Australian banks but instead would rely solely on international lenders. The coal-fired Vales Point power plant in New South Wales must cut nitrogen oxide emissions within two years or may face early closure after a ruling by the Environment Protection Authority. NSW plant closures include the Vales Point power station, scheduled to shut in 2029-30. Vales Point Power Station exemption application The first two units were completed in 1963, and the third in 1964. It also followed a dramatic increase in fine particle pollutionconfirmed by Vales Points own data in 2017. By 2050, green hydrogen has the potential to drive $350 billion in investment across Australia in current dollars and up to $26 billion per year in additional GDP, supporting the emergence of new decarbonised industries such as green steel and ammonia.. These four units were known as 'A' Station, its capacity of 875 MW being the highest in New South Wales at the time. 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Vales Point is located on the southern shore of the lake, near the township of Mannering Park. The big energy companies are also feeling the pressure from the Morrison government over the proposed closure dates for older coal-fired power stations. Strict new operating limits for Vales Point Power Station from 1 January. Vales Point Power Station is one of two operating coal fired power stations on the shores of Lake Macquarie, New South Wales. Coal plants list deadlines when their operating life is set to cease, but Dr Mountain said Victoria has secured a valuable guarantee that Yallourn will be available to produce until 2028, and if the company brings forward closure the state will receive compensation. The man who bought Vales Point power station from the NSW Government It has been announced that the ageing Vales Point coal-fired power station on the Central Coast, NSW is to be sold by the Australian Delta Energy to the Czech fossil fuel investment company Sev.en, owned by billionaire Pavel Tyka. The power stationed operated from 11 March 1927 until March 1976. The Liddel power station in the NSW Hunter is already set to close in 2023, but the report said at least one more closure in the state is likely before 2025. We oppose this sale as it is NOT in the local, state or national interest: As previously revealed by RenewEconomy, Delta told the Department of Industry, Science, Energy and Resources in December that it would not proceed with a formal application for $8.7 million in grant funding that had been set aside in the 2020 federal budget. The EPA granted Delta an exemption to the licence, however, the exemption went hand in hand with an order to reduce daily levels. It has two steam turbines, with a total generating capacity of 1,320 MW (1,770,000 hp) of electricity . Recent state government announcements in Queensland and Victoria look to cut coal generation out of the energy mix as soon as possible. Stop the Sale of Vales Point Power Station and Close It Down If you want to be updated with all the latest energy sector news, you can sign up for our newsletter or visit our blog section. On this basis, Delta respectfully and regrettably advises that it will not submit an application for UNGI grant for the proposed Vales Point power station efficiency upgrade project, Delta Electricity said. . who bought Vales Point power station from the NSW Government for a song in 2015, The power station offloaded by the NSW Government for $1 million suddenly has a future, clean up a huge part of the power stations ash dam, a dramatic increase in fine particle pollution, Department of Planning gives green light for Vales Point solar energy project, NSW Ports labels Newcastle container terminal 'white elephant' in parliamentary inquiry submission, Former professional surfer Jake Sylvester rescues swimmer at Merewether Beach, Wollombi Music Festival bans Wicked camper vans, National Farmers Federation and Agriculture Minister slam Aussie Farms interactive map of Australian properties, Train replica gives Newcastle something to choo on, Jets captain questions referee calls in controversial loss to Wellington, Police seek help to find 59-year-old missing from West Wallsend, Four assaulted in armed home invasion by five men wearing balaclavas, Toohey's News: Twin Towers key to Knights' rebuild, Terms and Conditions - Digital Subscription, Terms and Conditions - Newspaper Subscription. 287 Elizabeth Street Energy Australia will close the Yallourn power station in Victoria's Latrobe Valley in mid-2028, four years ahead of schedule, and build a giant battery instead. As owners for the last eight years, Esprey and St Baker Family Trust have positioned the business to continue essential operations through the energy transition, but recognise that there are opportunities to grow the business and that this can be better accomplished in a portfolio with Sev.ens other base-load capable generation interests, he said. Unit no. Strict new operating limits for Vales Point Power Station from 1 January [3], In September 2022 Sunset Power owners announced the sale of Vales Point Power Station to a Czech family investment group Sev.En Global Investments.[4]. Nitric oxide oxidises in the atmosphere to form nitrogen dioxide. Mr St Bakers proposal for a singleNSW plant and two new power stations in Victorias Latrobe Valleywas slammed by environment and community groups, who said the high-efficiency, low-emission plants were only one-third less polluting than highly polluting old power stations on the proposed sites. Vales Point Power Station is one of two operating coal fired power stations on the shores of Lake Macquarie, New South Wales. 49 Vales Point Power Station Premium High Res Photos Delta flagged early closure of Vales Point coal plant when it rejected Renewables boom prompts calls to start planning for Yallourn coal Your digital subscription includes access to content from all our websites in your region. [2] However, in December 2021, the value of the plant was cut to $156 million and the annual profit was reduced 93% to $9.3 million. At a budget estimates hearing last month, Stephen Beaman, a senior regulator at the EPA, said the agency would be finalising its position very shortly on the legality of the exemption. The energy and materials can be provided by either renewable power and water, orcoal and gas. Leading Edge Energy is proud to be a signatory of the National Customer Code for Energy Brokers, Consultants and Retailers. fair dinkum" baseload power generation after the Federal Government lost a public battle with generator AGL over the closure of Liddell power station in 2022. In addition to its stake in InterGen, which has interests in the Millmerran and Callide power stations in Queensland, Sev.en owns four gas-fired generators in the UK and one of the largest metallurgical coal producers in the US, called Blackhawk Mining. Vales Point is located on the southern shore of the lake, near the township of Mannering Park. That, environment groups say, has given new urgency for the NSW Environment Protection Authority to clarify the legality of a pollution exemption provided to the plant late last year. Correspondence obtained through an earlier FOI request shows that Delta Electricity and the department undertook negotiations throughout 2020, ahead of funding being awarded in the federal budget. The role of Deltas Vales Point power station in two devastating fish kills that took place in mid-2002 in Wyee Bay are currently under investigation by the NSW EPA. The map below shows the location of the plant, near Mannering Park, New South Wales. We will not spam you or sell your details. [6], Carbon Monitoring for Action estimates this power station emits 9.32 million tonnes of greenhouse gases each year as a result of burning hydrocarbon fuels.[7]. Leading Edge Energy is an energy brokerage firm in Australia that specialises in energy cost reduction, solar and storage procurement, electricity and natural gas-use monitoring and reporting for commercial and industrial clients. These are known as blue hydrogen. The Vales Point coal-fired power station near the shores of Lake Macquarie, in NSW. Mr St Baker said Evie Networks was moving into a capital-intensive phase with the rollout of 300 fast charging stations around Australia, while he was also involved in developing e-mobility in the Philippines. The study also criticized the absence of air pollution monitoring within 25 km of Eraring and the nearby Vales Point power station. We call on Federal Treasurer the Hon Dr Jim Chalmers and the NSW Treasurer and Minister for Energy, the Hon Matt Kean, to refuse the proposed sale of Vales Point Power Station to Czech company Sev.en. We use "cookies" to enhance your experience on our website. Before joining RenewEconomy, Michael worked in climate and energy policy for more than a decade. The sale will facilitate this growth as Sev.en has shown a commitment to the sector and an ambition to expand, both in Australia and globally.. It is understood that the joint owner of Delta, and significant political donor, Trevor St Baker, had been told informally in early 2020 that it was set to receive $11 million in grant funding from the Morrison government to fund the $20 million turbine upgrade. Delta Electricity turns down $8.7 million grant for Vales Point Coal is carbon. NSW taxpayers might have to pay some remediation costs associated with the closure of Origin Energy's Eraring coal-fired power station when it shuts down in 2025. Brian Flannery, Trevor St Baker sell Vales Point coal power plant to In the context of the confluence of the above factors, Delta will not pursue the Vales Point power station efficiency project. He dismissed the suggestion that Vales Point would close earlier than 2029, particularly given the impending closure of its near neighbour, Liddell Power Station, in 2023. Kean confirmed exemptions granted to Delta during the purchase including a cap of $10m on rehabilitation likely to cost hundreds of millions of dollars would remain in place despite the sale. Only this week did the Federal Government flag that commercial interest in the Hunter-Central Coast Renewable Energy Zone (REZ) has been significant. Federal Energy and Emissions Reduction Minister Angus Taylor said last month that the industrys potential cannot be ignored and argued that Australia can attract $70 billion of investments over the next decade. Energy analysts said the renewables-led collapse in average prices across the nations electricity grid was so severe that the 1480-megawatt facility supplying up to 22 per cent of the states power could close even sooner than expected. Under . The deal comes amid an extended period of turbulence in baseload power generation in the National Electricity Market as cheap renewable energy flowing on to the grid makes it harder to operate baseload coal plants profitably, even amid surging prices for wholesale electricity. A failure to act is no longer an option, Mr Chappel said. Follow our Australia news live blog for the latest updates, sold the 1,320-megawatt Vales Point power station, likely to cost hundreds of millions of dollars, seeking approval to pay a senior barrister. Every time an old coal-fired power stations closes to be replaced by renewable energy, theres an immediate health benefit to communities within 100 kilometres of the facility, Dr Ewald said. NSW power station given shorter deadline on emissions Im more interested now in what we are doing in electrifying the transport sector, absolutely critical steps forward in the rollout of charging infrastructure, he told The Australian Financial Review. But Tom Allen, director of Australian energy and utilities research with UBS, said the markets focus would be on the long-term viability of black coal-fired generators in NSW, particularly amid the NSW governments plan to ramp up renewable energy investment, which will place prices under further pressure. Delta has been contacted for further comment. AGL Energy has also brought forward the closure of its 2220 MW Loy Yang A plant in Victoria to 2035. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. We already have really low NOx emissions, lower than Bayswater and Mt Piper, and we are doing operational changes, and we believe that we will meet whatever the requirements are going to be.. USE is forecasted to be greater than the reliability standard from 2027-28 in New South Wales, increasing further from 2029-30 when Vales Point Power Station is expected to retire. Sold for a song in 2015, the site is expected to be the subject of a new coal-fired power station proposal. Coal-fired power will be needed to keep the lights on for another couple of decades, said Mr St Baker, who is an investor in fast charging system provider Tritium, which listed in New York early this year, and Evie Networks, among other energy interests. Delta Energys plans for Vales Point power station at Mannering Park will go unchanged despite the announcement by Origin Energy on February 17 that it will close Eraring Australias largest power station seven years early. Follow the topics, people and companies that matter to you. The REZ will not only attract investment in clean energy, it will also underpin the growth of new low-carbon industries such as green hydrogen, ammonia and metals production which the world is going to need as it decarbonises, Mr Crouch said. Transitioning the Hunter and Central Coast from a fossil fuels manufacturing base to one of renewable generation is underway. Its a two years exemption, then we can apply for another period of time. NSW government sells Vales Point power station for $1m Vales Point Power Plant is owned by Delta Electricity, but in September the company announced that the plant is being sold to Czech family investment group Sev.En Global Investments. The EPA also stipulated that Delta must investigate, mitigate and report on the causes of NOx emissions when the 1320-megawatt generator operates at less than half its capacity. It is also gearing up to invest more in the business as it seeks approval for a license to allow mining to continue until 2029. Hydrogen is a rare element which means it needs to be manufactured. In public comments this week, the current owner of Vales Point, Trevor St Baker, indicated that Sev.en may seek to keep the station open beyond its current closure date of 2029, saying the. When queried, the department told RenewEconomy that the funding set aside in the budget was considered to represent value for money. No need to search elsewhere for all the latest updates on the electricity market and energy-efficiency tips that are important for you, the savvy business owner. In order to supply coal to the station, three mines were opened; Chain Valley Colliery, Newvale No.1 Colliery and Wyee State Mine. The sale reportedly netted Delta $200m despite the company paying only $1m to buy it from the NSW government in 2015, prompting the states opposition to accuse the Coalition of having dudded taxpayers over the sale. One uses gas and the other uses coal or gas, and for either to be a clean energy source they require carbon capture and storage to stop the emissions from the fossil fuels entering the atmosphere. The EPA has the chance to take a good look at this before issuing the new owners with a licence to pollute, she said. Stop the Sale of Vales Point Power Station and Close It Down, Australian Treasurer Jim Chalmers & NSW Treasurer Matt Kean. It was a good letter from Anne Aldcroft (CCN380) regarding dog owners not doing their duty. We will continue to invest in the station both for ongoing energy needs and for system security, said the spokesperson. However, a 2015 report from the state government's Coal Innovation Fund says the CCS . the Liddell plant is owned by AGL which has rejected a proposal to sell the site as they have their own plans to redevelop the site. Vales Point uses salt water from Lake Macquarie for cooling. This site uses "cookies" to give you the best experience on this website. Were carefully considering it and its an important decision to make and well be making that public shortly, he said. The project was moved to Vales Point Power Station in 2012, after Munmorah closed. Its been a double whammyin the last couple of days first Wallarah 2, which is the Central Coasts Adani, and now this, another coal-fired power station proposal., Read more:Department of Planning gives green light for Vales Point solar energy project. Delta said it did not make financial sense to proceed with the upgrade with the smaller grant amount, given ongoing uncertainty in the energy market and the looming closure of the power station, currently slated for 2029. Qld to close coal-fired power station a decade early Vales point already has an exemption licence to pollute over and above NSW emission controls. [1], In March 2019 Prime Minister Scott Morrison announced that Delta Electricity's proposal had been shortlisted but provided no details.[2]. POWER magnate Trevor St Baker is expected to lodge a proposalwith the Federal Government today for a new Hunter or Central Coast coal-fired power station with a Chinese joint venture partner. It listed Eraring, Vales Point and Mt Piper in NSW and Yallourn in Victoria as most vulnerable. While the Chinese government has signalled it will restrict coal lending, the country has yet to formally limit its investment in coal plants, the IEEFA report said. [citation needed], In November 2015, the Government of New South Wales sold Delta Electricity, which at that time owned only the Vales Point Power Station, to Sunset Power International for $1 million. the Liddell plant is owned by AGL which has rejected . In December 2021, the value of the power station was written down to $156 million and in September 2022 Delta Electricity agreed to sell to Czech company, Sev.en Global Investments. Federal Budget 2020: 'Scandalous' Vales Point coal project slammed The proposed plant would adjoin the existing 1320 MW Vales Point power station owned by Delta Electricity. Environment Justice Australia and the Nature Conservation Council have questioned whether the renewal of a licence granting the plant operators exemptions from some pollution standards for nitrogen oxide is valid because, they say, Delta applied for the renewal after the deadline. Billionaire Trevor St Baker will reignite plans for a 20-year extension of NSW's Vales Point coal power station amid fears the early closure of Origin Energy's giant Eraring plant may lead to market volatility and higher prices. Environment groups say an ageing coal-fired power station in New South Wales that sold for hundreds of millions of dollars may be operating in breach of the states clean air laws. In an application to the EPA, the power stations owners had requested a further five-year license exemption which allowed for the emission of more than 800mg per cubic metre of nitrogen oxide (NOx) per day. . In 1978, two Toshiba 660 MW units were added, becoming "B" Station.
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