Muswellbrook Pumped Hydro project feasibility update
Idemitsu Australia Resources (IAR) and AGL announced the preliminary phase of the feasibility study for the proposed 250MW Bells Mountain pumped hydro project at Muswellbrook is nearing completion.
The companies commenced an engineering study two years ago following the signing of a Memorandum of Understanding to assess the feasibility, cost and planning requirements of the project.
IAR Chief Commercial Officer, Chris Walsh said the results from the preliminary phase of the feasibility study are promising and that the business is investigating further renewable energy development and export opportunities through its subsidiary Idemitsu Renewable Development Australia (IRDA).
“We have established IRDA which will leverage our global expertise from our parent company Idemitsu Kosan to ensure we can continue to contribute to regional communities like Muswellbrook where mining commenced some 113 years ago,” Mr Walsh said.
“Innovative rehabilitation solutions such as the reuse of mine voids as proposed with the Bells Mountain pumped hydro project ensure that sites like Muswellbrook can continue to generate investment and long-term employment.”
Mr Walsh said that the Muswellbrook site has the potential to generate jobs and investment post-mining.
“The Muswellbrook site has enormous potential. Taking our lead from the NSW Government’s Renewable Energy Zone initiative and the Federal Government’s emphasis on technology mix, we are exploring a number of other opportunities for the site.