An interconnector between Robertstown in South Australia and Wagga Wagga in New South Wales is one step closer to becoming a reality.
A report into the viability of the $1.5 billion interconnector today doubled the original estimated yearly savings of the project.
“In welcome news, the report finds that the savings from the interconnector for South Australian households will more than double from the original estimates of $30 a year to $66 a year,” Energy Minister and Stuart MP Dan van Holst Pellekaan said.
“South Australian small businesses will receive an average annual savings of $132 per annum.”
The cost of the interconnector project is still approximately $1.5 billion across both states.
“Building an interconnector between Robertstown and Wagga Wagga will deliver hundreds of jobs during construction, as well as ongoing employment and investment as a flow-on effect of the project,” Mr van Holst Pellekaan said.
“We have been told by proponents of new renewable energy projects that it makes South Australia more attractive as a place to invest.”
“This interconnector is a nation-building project that will allow both states to export their excess energy to help bring down prices and improve security.
“The interconnector means we’re no longer on the end of the line. It will bring power, greater security, jobs, and increased investment opportunities for our abundant renewable energy.
“South Australia currently only has interconnection with Victoria which puts us at the end of the line and vulnerable to the type of risks we all know too well in South Australia.”
The Marshall Liberal Government says it is facilitating this vital infrastructure project by the:
- early commencement of detailed line route and site selection works;
- co-ordinated planning approvals across the nation;
- early commencement of environmental and social studies required for planning approval;
- commencing a community engagement strategy including landowner consultation about easement acquisition.