Sept Quarter, page-13

re

• a fabulous project and great prospects.

surely someone can run a ruler over this;  if I read correctly they are getting $4 mill a month from QLD govt for putting power into the grid.  And that from the boring wee small solar farm.

Now with the hydro, I guess you dont produce MORE power, you just produce constant power.  So I read the current solar will pump water to the top dam, and the power comes from the hydro.  But if this is the same amount of power, why do you do that?

Now the next stage solar, is what, 4 or 5 times larger.  So does this mean when that is complete, the company will be making $20-$25 mill a month supplying power.  And the current wee solar and hydro, just guarantee the steady state of power.

Now that all said, why even bother with the hydro.  Would not the govt just be happy to have the solar 12 hours a day and use a conventional gas for the other 12.  I honestly dont know the captital costs and running costs and revenue.  Has this been even 'hinted at' anywhere.

Now given the govt funding is 'there', I guess they 'suppose' there is a cost benefit to the project.  But surely somebody SOMEWHERE, who knows the numbers must have got out their calculator.

I looked.  Is there any link or info anywhere I can read.

(I agree the project is SEXY as hell for an energy project;  I want it to work;  I want it to make money;  I want to invest;  but I dont want to pay money for the story tellers (management) to peddle a dream;  I dont want to lose money on a dream.... but man, it looks (cost benefit aside) like the sexist project I have seen in a while)