Tribute Pumped Hydro Project is a 500MW hydro power project. It is planned on Lake Plimsoll river/basin in Tasmania, Australia. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2027 and is expected to enter into commercial operation in 2030.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Hydropower 500 500 Announced Tasmania, Australia Hydro-Electric

Description

The project is being developed and currently owned by Hydro-Electric.

Tribute Pumped Hydro Project is a pumped storage project. The project cost is expected to be around $565.3m.

Development Status

The project construction is expected to commence from 2027. Subsequent to that it will enter into commercial operation by 2030.

About Hydro-Electric

Hydro-Electric Corporation (Hydro Tasmania) is a state owned integrated energy utility. It generates electricity and supplies that on wholesale and retail basis. The company produces electric energy using hydro, gas, diesel, wind and solar sources. Hydro Tasmania also retails gas to business and residential customers across the country. It provides consulting services to customers in water and energy sectors; and manages hydropower system across Tasmania. The company serves retail customers in South Australia, New South Wales, Victorian and Queensland, and the Bass Strait islands. Hydro Tasmania is headquartered in Hobart, Tasmania, 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.