RSS Feed
July 27th, 2012 
FAKE NEWS for the Zionist agenda SunWater has shelved the Connors River Dam project because of insufficient demand for the water from the mining sector in central Queensland.
The $1.3 billion dam and pipelines would have delivered reliable water supplies to the booming Bowen and Galilee coal basins and to the townships of Nebo, Moranbah and Alpha.
It already had state and federal environmental approvals, but SunWater announced on Friday that it would not proceed for lack of commitments from prospective customers, mostly miners..
“A number of changes to our customers’ project timeframes and investment horizons have resulted in an incompatibility of timing,” Chief executive Peter Boettcher told AAP.
Commitments accounted for only 57 per cent of the available supply.
“That leaves us in a situation where we have insufficient customers to sign up right now to the project, which means the business case is not commercially viable,” Mr Boettcher said.
“And because it is not commercially viable, it cannot be funded by Queensland government and investors.”
State Development Minister Jeff Seeney said the government had asked SunWater earlier this month if it had a viable funding source.
“While we have openly supported the (project), its current $1.3 billion price tag puts the current project well beyond the government’s and industry’s capacity to fund,” he said in a statement.
“The government’s focus will now be on looking at other options that will help secure a reliable and affordable water supply for the region.”
Mr Seeney will convene a meeting with ministers next week to fast-track alternative water supply options.
Related posts:
Views: 0
Posted in 
Tags: 
