08 Oct '11, 1am

Green energy companies left reeling, as Xstrata pulls out of power project

Green energy companies left reeling, as Xstrata pulls out of power project

Xstrata has signed a contract with a natural gas company to construct a gas-fired power station. Photo: Power Plug-in An ambitious plan to connect north-west Queensland with the national electricity grid has been thrown into turmoil, after mining giant Xstrata decided not to back the project. The much-hyped CopperString Project aims to construct a 1,000-kilometre transmission line from Townsville to Cloncurry, and would give towns, new mines and renewable energy projects energy security. But Xstrata has instead signed a contract with a natural gas company to construct a gas-fired power station, effectively leaving the rest of the region in the dark. Windlab was one company planning to tap into CopperString’s transmission lines, but chief executive Roger Price says its plans need to be reassessed. “It’s obviously very disappointing. It will have a direct impact on Queenslan...

Full article: http://www.eco-business.com/news/green-energy-companies-l...

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