Lake Lyell Pumped Hydro Project is a 350MW hydro power project. It is planned in New South Wales, Australia. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2026.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Hydropower | 350 | – | 350 | Announced | New South Wales, Australia | EnergyAustralia |
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Description
The project is being developed and currently owned by EnergyAustralia.
Lake Lyell Pumped Hydro Project is a pumped storage project. The project cost is expected to be around $395.71m.
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2026.
About EnergyAustralia
EnergyAustralia Pty Ltd (EnergyAustralia), a part of CLP Holdings Ltd, is an integrated energy utility. It operates a portfolio of self-owned generation capacity and capacity purchases. The company owns and operates coal, gas, solar and wind generation facilities. EnergyAustralia offers home services, bill payment, and energy saving, and energy bill management services. It supplies electricity and gas to retail, business, commercial and industrial customers in New South Wales, South Australia, Australian Capital Territory, Victoria, and Queensland. The company has contact center operations in Australia, India and the Philippines. EnergyAustralia is headquartered in Melbourne, Victoria, Australia.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
