HGO Position, page-23

Cultana PHES

Knowledge sharing report can be found here.

https://arena.gov.au/assets/2017/09/Cultana-Pumped-Hydro-Project-_Public-FINAL-150917.pdf

Its a study of a

225 MW saltwater plant

Capital cost $477m (we have been told ours will be < $1m per MW i.e <$200m )

Operating cost $11m to $12m

Market revenue $56m

Ancillary revenue? $21m

"Based on these revenue streams, the project has been found to be economically viable with a posttax nominal rate of return of 8% to 12%, depending on a range of scenarios involving capital costs and revenue outcomes. The return is broadly comparable to a benchmark project hurdle rate commensurate with technology and market risks of a private sector investment in a project of this nature."

Could be a nice little earner????