Annastacia Palaszczuk unveils details about 5GW renewables project that is estimated to cost $12bn
The estimated cost for the project is $12bn. The Queensland government is yet to commit any money, though the project would probably not begin construction until 2025 at the earliest.
Queensland Hydro, the new government entity designated to build the project, is expected to complete detailed geotechnical and environmental studies in 2024. On Thursday Palaszczuk and the state’s energy minister, Mick de Brenni, said about 50 homes would be inundated under the plans, which involve the construction of three reservoirs. Negotiations will need to be conducted with the land owners and with Indigenous traditional owners.
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