Sydney-based entity eyes off Redbank Station

HUNTER MP Joel Fitzgibbon says there appears to be nobarriers to a Sydney-basedentity acquiring, andre-opening, the controversial Redbank Power Station.
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Redbank Power Station pic Newcatle Herald.

Operated by Redbank Energy and fuelled by beneficiated dewatered tailings (BDT), or waste coal, from the Mount Thorley Warkworth mine, the plant closed in October last year leaving 39 full-time employees out of work, and its future was placed in the hands of Receivers Korda Mentha.

From being taken to the Land and Environment Court in 2001 by environmentalists who claimed it did not meet its own standards, to a ruptured ash slurry line which led to theleaking of industrial pollutant onto the Golden Highway, the project has failed to deliver the outcomes promised in relation to efficiency and environmental benefits.

But now this new proposal to restart the power station is anticipated to deliver base load biomass power generation to NSW and, according to Redbank Energy Limited (REL),“it will be one of thefirst large-scale non-hydro renewable electrify generation sources in the state”.

The acquisition is proposed to occur through a subsidiary of REL and the directors say the consortium has been selected by the receivers as the preferred bidders and will now proceed on an exclusive basis to negotiate final sale documentation.

Mr Fitzgibbon says he has been in talks with a number of interested parties in recent months, including the preferred bidders, and says this is “very good news”.

He says the consortium is involved in providing waste services in Western Sydney and has some quarrying interests.

At this stage, REL estimate re-opening the will seeapproximately 40 full-time positions re-instated and in turn this will lead to 150indirect jobs.

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