❓ Dr. Steve Thomas questions the Minister for Energy regarding the Clean Energy Finance Corporation's investment in WA's interconnected systems, particularly the SWIS, focusing on cost allocation, project specifics, and Western Power's role. The Minister's response defers specific answers pending ongoing consultations.
AnsweredQoN 905Legislative Council
QuestionView source ↗
SOUTH WEST
INTERCONNECTED SYSTEM — CLEAN ENERGY FINANCE CORPORATION
905. Hon Dr STEVE THOMAS to the parliamentary secretary
representing the Minister for Energy
I
refer to today's media release from the Premier and Minister for Energy
announcing up to $3 billion in concessional loans and equity investments
to WA through the Clean Energy Finance Corporation from the federal government
for transmission upgrades in WA.
(1) What percentage of the upgrades to the south west
interconnected system will be undertaken by Western Power under this
scheme?
(2) What will be the
state-to-commonwealth cost mix on any upgrades to the SWIS?
(3) Will any
commonwealth expenditure on transmission upgrades to the SWIS be a concessional
loan or an equity investment or some other
financial mechanism, and what total debt or equity will Western Australia owe the commonwealth government?
(4) Will all the
new lines be 500 kilovolts, as indicated in the SWIS demand assessment ,
released in May?
(5) What is the
total cost of the required transmission construction for both the SWIS and the
north west interconnected system?
INTERCONNECTED SYSTEM — CLEAN ENERGY FINANCE CORPORATION
905. Hon Dr STEVE THOMAS to the parliamentary secretary
representing the Minister for Energy
I
refer to today's media release from the Premier and Minister for Energy
announcing up to $3 billion in concessional loans and equity investments
to WA through the Clean Energy Finance Corporation from the federal government
for transmission upgrades in WA.
(1) What percentage of the upgrades to the south west
interconnected system will be undertaken by Western Power under this
scheme?
(2) What will be the
state-to-commonwealth cost mix on any upgrades to the SWIS?
(3) Will any
commonwealth expenditure on transmission upgrades to the SWIS be a concessional
loan or an equity investment or some other
financial mechanism, and what total debt or equity will Western Australia owe the commonwealth government?
(4) Will all the
new lines be 500 kilovolts, as indicated in the SWIS demand assessment ,
released in May?
(5) What is the
total cost of the required transmission construction for both the SWIS and the
north west interconnected system?
AnswerView source ↗
I
thank the member for some notice of the question. The following answer has been
provided by the Minister for Energy.
(1) The Cook
government is committed to working with industrial users to explore investment
approaches in the state-owned south west interconnected system. Following the
release of the SWIS demand assessment in May, consultation with industry is
progressing to inform the network investment approach, including mechanisms for
industry contributions and third party investments.
(2) The
commonwealth and state governments, along with the Clean Energy Finance
Corporation, as administrator of Rewiring
the Nation, will work together to determine the cost mix and funding mechanisms for specific network projects on the SWIS and the north west interconnected
system.
(3)–(5) This information
will be determined as part of the work described in (1) and (2).
thank the member for some notice of the question. The following answer has been
provided by the Minister for Energy.
(1) The Cook
government is committed to working with industrial users to explore investment
approaches in the state-owned south west interconnected system. Following the
release of the SWIS demand assessment in May, consultation with industry is
progressing to inform the network investment approach, including mechanisms for
industry contributions and third party investments.
(2) The
commonwealth and state governments, along with the Clean Energy Finance
Corporation, as administrator of Rewiring
the Nation, will work together to determine the cost mix and funding mechanisms for specific network projects on the SWIS and the north west interconnected
system.
(3)–(5) This information
will be determined as part of the work described in (1) and (2).
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