The GGAP funding will contribute to the purchase of turbines. The new turbines will be more efficient as they take advantage of improvements in design since Liddell Power Station was built in 1971. It is assumed that the increase in production will displace an equivalent amount of electricity from other sources, reducing overall greenhouse gas emissions from power generation. This Deed of Agreement will cover performance of the project, and will include details such as the milestones against which payments will be made, reporting requirements and delivery of the agreed abatement.
Negotiations are currently under way.
It is anticipated that further information, including starting dates, will be available once these negotiations have been finalised.