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$1.5B energy project approved

ElectraNet
ElectraNet

An energy developer is one step closer to constructing its $1.5 billion utilities development.

The Australian Energy Regulator (AER) recently approved ElectraNet’s regulatory investment test for transmission application for its South Australia-New South Wales Interconnector.

High priority project

The decision means the cost-benefit analysis stacks up and the company will be able to start investing more than $6 million in the network. ElectraNet is now preparing to apply to the AER for contingent project funding.

The high priority project involves building a new 330 kilovolt above-ground transmission line between Robertstown in mid-north SA, Wagga Wagga in NSW and Red Cliffs in Victoria.

1000 jobs

Construction will require 800 workers in NSW plus an additional 200 employees in SA.

Successful applicants are promised to be offered flexible work arrangements, extra parental leave, one day of paid volunteering leave, a day of paid Christmas leave, reimbursement for professional membership fees, vaccinations and health assessments, study reimbursement, novated vehicle leasing and fresh fruit.

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“We’re satisfied, on the basis of the information ElectraNet has provided, that the SA-NSW interconnector is the best option for meeting the needs of consumers when compared to alternative options,” AER chair Clare Savage said in a public statement.

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