In a joint venture with McConnell Dowell, John Holland will start early works for the project this month, a world-first conversion of a gold mine into a pumped hydro facility.
John Holland CEO Joe Barr said the project would be a game-changer for Queensland.
“This is an important project for the state, and for Australia, to make sure future generations have access to reliable, cost-effective, and clean energy,” Mr Barr said.
General Manager QLD/NT Rob Evans said the energy generated by the project would be supplied to the national grid and provide storage for Queensland.
“This has the potential to create more than 600 jobs during construction and is an innovative solution that will boost the local economy while securing reliable, renewable energy,” Mr Evans said.
The early works program agreement for the project was announced today and includes hydraulic design for the hydro turbines to be used in the project and will be followed by preparatory works to set up the major project site. Financial close for the project is expected in early May 2019.