Redbank finally to go ahead

Construction of the $200m Redbank power station in Hunter Valley is again set to begin after a 30-year deal ensured its viability.

The contract was signed between New South Wales electricity retailer EnergyAustralia and US technology company, National Power Australia. The deal represented $40m worth of electricity per year.

The contract to build the 128 MW coal fired station was awarded to a consortium of ABB, Babcock & Brown, and National Power Australia Holding L.P. The total value of the project is $200 million, of which ABB`s share is approximately $130 million. The plant will use two low emission fluidized bed boilers.

Construction of the will start shortly, with completion scheduled for late 2001.

ABB Financial Services, National Power and Babcock & Brown arranged the financing for the project.