Delta Electricity and Mr St Bakers Energy Innovation Fund did not respond to calls for comment. Access unlimited content, the digital versions of our print editions - Today's Paper, as well as the Newcastle Herald app. In December last year, Vales Point was issued with an order to limit its emissions of nitrogen oxide. Commercial interest has been registered in 24 solar energy projects; 13 onshore and seven offshore wind energy projects; 35 large-scale batteries and eight pumped hydro projects. Help using this website - Accessibility statement, Alinta Energys Hong Kong-based owner Chow Tai Fook Enterprises is understood, EnergyAustralias owner CLP Group, also based in Hong Kong, is in the market, AGL Energy is struggling to determine its forward strategy. Given that the ongoing operation of the Vales Point power station remains subject to market forces, and noting the current forecast closure date of 2029 may come forward or be deferred on the strength of these market forces, the benefits arising from the remaining life of Vales Point power station and the proposed project have been diminished by the passage of time, Delta said. Vales Point 'A' Station was decommissioned in 1989. "We predict that gas power station output will fall by 78 per cent and coal output . To learn more about how we use information collected with cookies, please read our Privacy Policy. 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. It is the second instance of the Morrison government failing to secure investment in new coal-fired generation infrastructure by offering insufficient funding support, following earlier revelations that the government had not provided sufficient grant funding to ensure proponents of a coal-fired power station in Queensland could complete a bankable feasibility study. . 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. The Stop the Sale of Vales Point Power Station and Close It Down petition to Australian Treasurer Jim Chalmers & NSW Treasurer Matt Kean was written by Future Sooner and is in the category 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. Australia is positioning itself to tap the potential boom in hydrogen fuel, if its adopted globally as a replacement for petroleum. However, a 2015 report from the state government's Coal Innovation Fund says the CCS . Delta said it complies with the reduced limits for emissions imposed in December 2021 and noted that Vales Point has lower licence limits for NOx than some other generators in NSW such as AGL Energys Bayswater and EnergyAustralias Mt Piper plants. This field is for validation purposes and should be left unchanged. Currently the sale is under investigation by the Foreign Investment Review Board (FIRB) with its decision to be announced in mid-October 2022. Coal plant closures loom large as NSW backs hydrogen for the Hunter. The ageing Vales Point coal-fired power station on the New South Wales Central Coast, due to close in 2029, was given a stay of execution in the federal budget. The power station doesnt currently have a valid air pollution licence. The owners of the Hazelwood coal plant in the Latrobe valley only provided five months notice ahead of its closure in 2017, which delivered a big blow to the workforce and Victorias power prices. 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. The EPA granted Delta an exemption to the licence, however, the exemption went hand in hand with an order to reduce daily levels. Childhood asthma in the region has also been found to be extremely high (50% greater than in Sydney in spite of city transport fumes) and there is strong evidence that students who attend schools within a 10 Km radius of a coal fired power station have a reduction in learning outcomes due to the emissions from burning coal. The owner blamed the COVID-19 pandemic for reducing demand and an influx of cheaper renewables reducing wholesale electricity prices. Lake Macquarie Home Fishing Fishing closures, restrictions and permits Lake Macquarie The above closures are generated from the Fisheries Management (General) Regulation 2019 unless otherwise specified. 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. Sign up to The Sydney Morning Heralds newsletter here, The Ages here, Brisbane Times here, and WAtodays here. Vales Point is located on the southern shore of the lake, near the township of Mannering Park. It is also harmful to the environment. (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. Health at GoPetition. The analysis found if power prices continued to decline, Yallourn, along with the Eraring, Mt Piper, Vales Point B and Gladstone black coal plants would be making a loss by 2025. 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.. With this acquisition we will significantly strengthen our presence in Australia, said Sev.en chief executive Alan Svoboda. 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. At Delta, which supplies about 11 per cent of NSWs power, RBC is thought to have run a process to sell either 50 per cent or 100 per cent, with Mr St Baker originally keeping open an option to retain his stake. [1], In March 2019 Prime Minister Scott Morrison announced that Delta Electricity's proposal had been shortlisted but provided no details.[2]. Vales Point was commissioned in 1978, and its two turbines generate 1,320 megawatts of electricity, accounting for 11 percent of NSWs energy. Mr St Baker, who bought Vales Point power station from the NSW Government for a song in 2015 and made $113 million in profit on the deal in 2017-18, has outlined plans for a new plant at Liddell or Vales Point as part of a $6 billion proposal for three coal-fired power stations in NSW and Victoria. If Vales Point power station is allowed to operate beyond 2029, we know it will have continued serious consequences for the health of the community. . Future Sooner, local residents and health professionals are deeply concerned if this sale goes ahead it will extend the life of this filthy, old, polluting coal-fired power station and prolong the damage that is already affecting our health, said Gary Blaschke OAM, resident of Lake Munmorah, cancer sufferer and Future Sooner spokesperson. . Whoever owns these assets, I want to make sure they are acting in the interests of the citizens of this state, not for vested interests, he said. 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. 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. The power station's end of technical life is set for 2029. Vales Point power station, also referred to as the Vales Point B power station, is a 1,320-megawatt (MW) coal-fired power plant in New South Wales, Australia. . This site uses "cookies" to give you the best experience on this website. 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. 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 company had shown a commitment to the sector and an ambition to expand, both in Australia and globally. Custom Content. Delta also blamed ongoing regulatory and policy uncertainty, which it said, does not represent an appropriate investment environment.. Vales Point is a coal-fired power station which supplies baseload electricity. Vales Point provides 11% of NSW electricity. 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. Mr Kean will say the region has strong potential for green hydrogen, fuelled by renewable power sources, due to its access to existing energy infrastructure, sustainable water sources, ports and logistics. At the same time, embattled AGL Energy is struggling to determine its forward strategy and put in place a refreshed board after the collapse of a demerger plan and as its biggest shareholder, software billionaire Mike Cannon-Brookes, pushes for a faster exit from coal power to align with the goals of the Paris climate accord. 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. and Evie Networks, among other energy interests. For more detailed local information see the Lake Macquarie Hunter Recreational Fishing Guide Back to top Environmental Justice Australia solicitor Jocelyn McGarity said there were serious concerns the licence conditions were unlawful and that the plant should not be allowed to operate beyond 2029. 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. Several coal-fired plants in New South Wales have brought their closure dates forward. [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]. It was commissioned in 1978 and is located on the southern shore of Lake Macquarie. 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. Coal is carbon. 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. [5] The balloon loop opened in March 1980. 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.. Carbon Monitoring for Action estimates that Vales Point emits 9.32 million tonnes of greenhouse gases per year from burning coal. Vales Point uses salt water from Lake Macquarie for cooling. The Vales Point coal-fired power station near the shores of Lake Macquarie, in NSW.James Whelan Goldman Sachs said Vales Point, backed by energy mogul Trevor St Baker, was facing "closure potential". DPE is currently assessing an application by Delta to consolidate and expand its Chain Valley and Mannering collieries. The combined capacity of 2195 MW made Vales Point the largest power station in Australia at the time. Vales Point Power Station is one of two operating coal fired power stations on the shores of Lake Macquarie, New South Wales. Coal transport and infrastructure in Australia, Key developments in coal mining and power in Australia in 2012, Financing coal power stations in Australia, Underwriting New Generation Investments program, "Delivering affordable and reliable power", "Federal government shortlists upgrade of Vales Point power station turbine", https://www.gem.wiki/w/index.php?title=Vales_Point_A_power_station_(replacement)&oldid=241402, Creative Commons Attribution-NonCommercial-ShareAlike. 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. Were sorry, this feature is currently unavailable. 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. Sign up to Guardian Australia's Morning Mail, Our Australian morning briefing email breaks down the key national and international stories of the day and why they matter. Vales Point power station is a major source of NOx on the Central Coast and beyond. Alinta Energys Hong Kong-based owner Chow Tai Fook Enterprises is understood to have fielded approaches for the Australian business, which includes the large Loy Yang B coal power generator in Victoria. Owners of Vales Point power station turn down $8.7 million grant, blaming the Morrison government for taking too long to approve funds for turbine upgrades. Delta has been contacted for further comment. The transaction still needs to be completed, with approval from the Foreign Investment Review Board outstanding. We continue to invest in the reliability of Vales Point to its notional closure in 2029. Vales Point A (replacement) power station is a proposal by Delta Electricity to build a new 660 MW plant on the site of the demolished Vales Point A plant in New South Wales, Australia. Vales Point was originally equipped with three turbo-alternators of 200 MW supplied by the English Electric (unit nos. It listed Eraring, Vales Point and Mt Piper in NSW and Yallourn in Victoria as most vulnerable. Vales Point Power Station sale completed December 18, 2022 by Merilyn Vale Sev.en Global Investments has announced it has completed its acquisition of Delta Electricity Pty Ltd, the parent company of the Vales Point Power Station and the Chain Valley Colliery. Mannering Park Progress Association spokesperson Sue Wynn said a new coal-fired power station at Vales Point was the worst news Mannering Park and surrounding areas could possibly hear. 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 map below shows the location of the plant, near Mannering Park, New South Wales. Follow us on LinkedIn, Facebook or Instagram. [1], In 2017 it was valued at $732 million, and was estimated to make part-owner energy entrepreneur and former National Party candidate Trevor St Baker a half billionaire. Two investors have bought one of NSW's largest coal-fired power stations for the price of a nice suburban house. 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. Victoria's potential crunch comes with the 2028-29 closure of the Yallourn power plant in the. NSW plant closures include the Vales Point power station, scheduled to shut in 2029-30. 287 Elizabeth Street The report,China at a Crossroads: Continued Support for Coal Power Erodes Countrys Clean Energy Leadership,found Chinese financial institutions and corporations funded more than 25 per cent of all new coal plants outside China in 2018, or $35.9 billion for projects in 27 countries, excluding Australia. This means that every time you visit this website you will need to enable or disable cookies again. Before joining RenewEconomy, Michael worked in climate and energy policy for more than a decade. 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. The coal for Vales Point is delivered by conveyor and a balloon loop connection to the Main Northern railway line between Wyee and Morisset. Origin Energys 2000 MW Liddell plant will close in early 2023. The only way to educate irresponsible people is to hit them in the pocket, Central Coast Council will amend planning controls to make way for a five-storey development on six consolidated parcels of land at 43-46 The Esplanade, Ettalong Beach, despite receiving 95 submissions, Parking at Gosford and Wyong Hospitals will be free for patients, staff and visitors if either the Labor party or the sitting Liberal-National parties are elected to Govern on March, Copyright Coast Community News 2022 - Phone 4325 7369, Free hospital parking says Labor, Libs and Nats post election, Umina Beach singer eliminated from Australian Idol, Mariners appoint A-League Womens head coach Emily Husband, Council amends planning controls to make way for five-storey development at Ettalong, Labor puts people with disability at core of its agenda, Councils development application blowout woes, Council set to sell commuter/shopper carparks at Woy Woy, on "Eraring closure has no impact on future of Vales Point", Little being done to protect health of northern residents, Council slated for misleading statements over boarding house, Major parties outline plans to take the region into the future, Detached houses decline in favour of multi-unit abodes, Government funding for new cabins at two holiday parks, Review of health care services at Long Jetty centre, The go-to guide for community services across the Coast, Special exhibition brightens hospital corridors. EnergyAustralia announced on Wednesday its Yallourn coal plant would close in 2028, four years ahead of the previous deadline. It just staggers me that Australia is so far behind the rest of the world which is switching to renewables while were still talking about projects like this, Ms Wynn said. Sep 18, 2022 - 3.16pm Energy entrepreneur Trevor St Baker and coal investor Brian Flannery will sell their Vales Point coal-fired power station in NSW for several hundred million dollars to. The Morrison governments low emissions investment road map is technology neutral which meanspublic funding is availableto green and blue hydrogen. Cockle Creek Power Station was located in Teralba, New South Wales, Australia on the banks of Cockle Creek. It also followed a dramatic increase in fine particle pollutionconfirmed by Vales Points own data in 2017. Its members include residents and health professionals. Its like selling an unregistered car. The NSW EPA noted that environment department modelling found that ground-level concentration of NOx in the community meets national health standards. 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. In 2022, an air pollution exemption granted to Vales Point power station by the NSW EPA was successfully challenged by environment and legal groups, who argued that community health impacts of toxic air emissions - including childhood asthma and premature deaths were - being ignored, pointing out that Vales Point routinely breach NSW air protection laws. A Morrison government plan to fund upgrades at the Vales Point coal fired power station fell through after the government offered insufficient funding for the upgrades to take place, with owners Delta Electricity warning the plant could close early, documents obtained under FOI show. Sev.en has reputation for keeping old and polluting power stations open longer than their use-by date and has indicated the same for Vales Point. AGL, rival Origin Energy and EnergyAustralia have all brought forward the dates for closure of coal-fired power stations since the start of 2021, triggering suggestions that some other coal generators may need to keep running for longer to keep electricity supply secure amid the rise of weather-dependent wind and solar power. [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]. NOx emissions can harm peoples health, contribute to respiratory illnesses and can cause asthma in children and the elderly. However, the company also flagged that it remained open to shifting the closure date of the Vales Point power station, which was dependent on the prevailing conditions in the energy market. To learn more, read our Privacy Policy. We will not spam you or sell your details. 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. Coal supplies NSW with an average of 63 percent of its energy requirements, while the National Energy Market average is 59 percent. Delta Coal which supplies Vales Point have an active proposal to continue mining largely exploited seams under the lake and ash dump until 2029 and community fears over worsening pollution impacts from this aging facility under this potential new ownership have been made public. In February, Prime Minister Scott Morrison promised Liberal party donor and part owner Trevor St Baker that an $11 million grant would be going his way to make upgrades. Strict new operating limits for Vales Point Power Station from 1 January. Sydney, NSW 2000 There are three methods to extract hydrogen. Future: Part of the Vales Point power station on the Central Coast. The big energy companies are also feeling the pressure from the Morrison government over the proposed closure dates for older coal-fired power stations. Delta flagged early closure of Vales Point coal plant when it rejected federal grant | RenewEconomy 1 year ago Kim Grierson 1 year ago 1 year ago Apparently NSW retained the decommissioning liabilities Andy Saunders 1 year ago Prices that make it profitable? Local health professionals have analysed government health data and found shocking evidence of high cancer rates among residents in suburbs surrounding the power station and its coal ash dam each year an extra 107 cancer cases and 58 cancer deaths above the national average. Mr Taylor set a January 23 deadline for 24 hour baseload reliable projects eligible for government underwriting. One is electrolysis that uses electricity to split water, which can be powered by renewables in an emissions-free process and is known as green hydrogen. The generation table uses eljmkt nemlog to obtain generation values for each year. It is one of the chief causes of yellow-brown smog. the practices of Delta Electricity, past and present that are driving a range of water pollution impacts in Lake Macquarie, the sale of the power station to Se.ven Global Investments, Closure planning, decontamination and rehabilitation. 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. We care about the protection of your data. AGL Energy announced it would move the. offsite water contamination from the south-east portion of the ash dump identified in the Environment Protection Licence this year. 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. Delta Electricity knocked back in February a $9 million government grant to upgrade one of the plants turbines. Analysts identified particular economic risk for Vales Point coal power near Newcastle, the same region where NSW Energy Minister Matt Kean will today announce a $70 million fund to grow a green hydrogen industry, which he said would bring jobs and growth to the region. (NB only name and email is required to sign the petition - contact details are optional), You can further help this campaign by sponsoring it. Vales Point Power Station February 17, 2022 Delta Energy's 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 - Australia's largest power station - seven years early. Under . The Vales Point coal-fired power station near the shores of Lake Macquarie, in NSW.Credit:James Whelan. These four units were known as 'A' Station, its capacity of 875 MW being the highest in New South Wales at the time. 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. Description. Future Sooner is a community action group working towards a clean energy future for the Central Coast and Lake Macquarie. The Nature Conservation Council of NSW said that, unlike previous exemptions, this one cannot be extended beyond October 2027. Delta confirmed that it had terminated contracts with relevant suppliers for the turbine upgrades. Vales Point Power Station is one of two operating coal fired power stations on the shores of Lake Macquarie, New South Wales.
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