The Berejiklian government has given accelerated approval status to a billion-dollar pumped hydro project that will unlock twice as much renewable energy investment and reduce grid congestion.
The closed-loop or off-river system would could also boost the water security of Kempsey, located about 75 kilometres to the south-east of the freehold site.Among the benefits would be the displacement of some 876,000 tonnes of carbon dioxide emissions, and a reduction of load-shedding risk to some 770,000 customers as coal-fired plants shut, according to an accompanying document seeking government fast-track approval for the project.
storage will directly help to overcome this challenge and accelerate the implementation of the [zone]." Adam Marshall, Agriculture Minister and the MP for the Northern Tablelands, said regional NSW had some of the best pumped hydro resources in the world. It would also support the local economy by creating some 600 new jobs during construction alone.
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