Power company TRUenergy is seeking development approval to construct two gas-fired power stations with an investment of A$400m ($415.24m) in Queensland, Australia.
The new Blackstone Power Station will be built in Ipswich, close to the Swanbank B coal-fired power station, which is due to cease operations in the first half of 2012.
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The second unit, Aldoga Power Station, will be built in the Gladstone State Development Area.
At full capacity, each power station would represent an investment of up to A$1.8bn ($1.86bn).
Work on the stations is scheduled to commence as early as 2013, subject to the receipt of all permitting and development approvals.
