‘Eureka moment’ project will provide future energy certainty and trigger new minerals processing, Palaszczuk government says
government has said it will take control of a $5bn proposal to build a 1,100km power line connecting Mount Isa to the national grid, which it says will “unlock” development of new-economy mineral deposits in the state’s north west.
The government said the project was a “Eureka moment” that would also provide a trigger for new minerals processing, battery manufacturing and new renewable energy generation projects in north Queensland.The proposal, which had been developed by a private company, will now be controlled by state-owned transmission company Powerlink.
“Unlocking affordable renewable energy and our critical minerals will benefit Townsville, Mount Isa and every town in between – unlocking thousands of jobs and billions in investment.”
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