Queensland businessman and former MP Clive Palmer says he will back up his plans to mine Queensland’s Galilee Basin with a new $1.54 billion coal-fired power station - a move, sceptically welcomed by Conservative Party leader Cory Bernardi.
The Courier Mail reports, Mr Palmer has announced plans to build a 700 megawatt power station to support his mining interests in the coal-rich region, under a mining lease held by his company Waratah Coal.
“I am putting my money where my mouth is by announcing this new station so we can power Queensland and help bring down energy costs, which continue to escalate,” Mr Palmer said in a statement.
“The Galilee Power Station will be developed as a contingent component of the overall project, providing the power needs for the mine operations, coal transportation and port operations, ready for export coal to Gladstone and future power needs for our proposed North Galilee coal mine development," he said.
Senator Bernardi has told Paul Murray Live on Sky News he's very sceptical about the announcement.
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