Energy plant back on the agenda 02 Feb, 2012 07:30 AM THE development of a proposed $13 million renewable energy plant in Wagga looks to be back on the agenda after the company behind the project received $800,000 to put towards new business ventures.
Representatives from the Adelaide-based company, Syngas, arrived in Wagga on Tuesday to continue the negotiations which began in April last year. Plans were first announced then for a power plant that would use green waste from Wagga’s kerbside collections to generate electricity.
Last September Syngas managing director Merrill Gray said the plant would be established on a 16,000 square metre block at the Bomen Industrial Park, with an underground cable connecting the power plant to neighbouring abattoir Tey’s Australia.
The renewable energy generated by the plant would then be sent through the cable, circumventing the grid.
The project’s future looked doubtful late last year when Syngas was forced to focus on internal financial concerns.
Brian Price, a Sydney-based businessman and futures trader of Iron Mountain Entertainment, paired with Frid Energy to take a controlling share in Syngas last December.
He believes now the company has some financial reprieve, it will have time to map out a certain future for the business.
Syngas chairman Ian Kowalick said the investment had saved the company from administration and the development of Wagga’s renewable power plant
and a coal-to-liquid fuel project in Victoria were the two key ventures the company would be focusing on.
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