LNP will investigate opportunities for smaller, more manageable pumped-hydro projects
LNP Leader David Crisafulli has today announced an LNP Government would not proceed with the Pioneer Burdekin Pumped-Hydro Project.
If elected in October, the LNP will end the Hydro Hoax, by dumping the Pioneer Burdekin pumped-hydro project, instead investigating opportunities for smaller pumped-hydro projects.
Mr Crisafulli made the announcement today during his Budget Reply Speech, outlining the LNP’s commitment to cost of living relief during the energy transition.
“The LNP is committed to affordable, reliable and sustainable energy for Queenslanders, but with massive cost blowouts on the Pioneer Burdekin pumped-hydro project, it will unavoidably drive-up the price of power in Queensland,” Mr Crisafulli said.
“This project is not a credible plan, it is a multi-billion-dollar fantasy that energy experts and environmentalists believe won’t happen.
“Pioneer-Burdekin pumped-hydro has no direct funding, no approvals and no social licence from the local community.
“It is reported to already cost around $20 billion yet the government can’t even be honest with this – and with these blowouts already it will increase the cost of power for Queenslanders.
“Pioneer Burdekin pumped-hydro is not feasible, it will never be built and the Government knows it.
“This is why there is a $1b equity investment in the company but no actual capital investment in the project.
“For these reasons an LNP Government would not proceed with the Pioneer Burdekin Pumped Hydro Project.
“In its place we will embark on a long-term plan which will provide alternative storage options.
“We will investigate opportunities for smaller, more manageable pumped-hydro projects and we will bring in new laws to ensure all projects are treated equally.
“Whether it is a farming project, a residential project or a renewable project, the same standards must apply.
“Queenslanders want solutions that last longer than an election period.
“Only the LNP will deliver a solution which will make energy affordable, reliable and sustainable.”
