The company aims to construct a solar power station with a $290 m development agreement with Solar Systems
Australian power utility TRUenergy has inaugurated its new Tallawarra gas-fired power station in Wollongong, New South Wales. The 435MW, Alstom GT26 clean burn, gas-fired combined cycle power station, will supply power to over 200,000 homes and businesses across the state.
TRUenergy has said that it is aiming to reduce the carbon intensity of its generation portfolio and cut overall emissions by 60% by 2050. The company has claimed that TRUenergy Tallawarra produces 65% less CO2 emissions than the average Australian coal-fired plant.
Richard McIndoe, managing director of TRUenergy, said that the A$430 million investment in super efficient gas generation emphasizes its commitment to transform its generation portfolio and reduce carbon emissions intensity by one-third by 2020.
The company said that it is also expanding its renewables portfolio, with a $290 million development agreement with Solar Systems to construct a new concentrated solar power station in Victoria and a $57 million joint venture with Petratherm to explore for geothermal power.
TRUenergy, an Australian energy company, is engaged in products and services to over 1.2 million customer accounts. It manages an energy portfolio covering $5 billion of assets that includes electricity generation, energy contracts management and trading, gas storage and retail energy services.