The Australian Energy Regulator (AER) has approved a proposal from ElectraNet to build a new transmission line on the Eyre Peninsula.
The project involves constructing a new double-circuit 132 kV transmission line from Cultana to Port Lincoln, via Yadnarie, with the ability to upgrade the Cultana to Yadnarie section to 275 kV at a later date.
ElectraNet Chief Executive, Steve Masters, said news of the project’s approval was great for the region with the new transmission line to provide Eyre Peninsula with a more reliable and secure electricity supply into the future.
“In close consultation with key stakeholders across the Eyre Peninsula, ElectraNet has been working diligently to secure regulatory approval to construct a new transmission line which delivers benefits to homeowners, businesses and the region,” Mr Masters said.
“This new line will meet the immediate supply needs of the Eyre Peninsula and will future proof the network to cater for increased capacity if and when new mining developments and renewable energy projects proceed.
“Once operational it will remove current network constraints, allowing the market to benefit from more low cost energy from existing wind farms on the Eyre Peninsula. It will also provide greater opportunities for new demand and renewable energy developments on the Eyre Peninsula.
“Throughout the project’s development we have been mindful of the need to keep costs as low as possible for customers.
“The cost of the new transmission line is fully offset by avoiding the cost of replacement works on the existing transmission line and annual generator network support payments, resulting in almost no price impact for a typical residential customer.
“The regulator’s approval of the new power line is great news for all involved and I thank everyone for their input during the project’s development and regulatory approval process.”
Following approval by the regulator, the project is still subject to receiving other relevant approvals. The new transmission line is estimated to cost approximately $240 million and works are planned to begin during 2020.