In light of the decisions made by the major energy users in Mount Isa to contract their energy requirements with a new build isolated gas fired power station, CopperString is no longer able to justify the significant investment required to develop a transmission line to connect the North West Minerals Province to the National Electricity Market.
As such the CopperString consortium has decided to place on hold all project development activities.
We still strongly believe in the importance of CopperString as a project that can deliver substantial capacity to North Queensland. The unlocking of the significant mineral and renewable energy resources of the region through a power transmission line that provides access to the National Electricity Market, would provide North Queensland with unprecedented opportunities for economic and social development.
CopperString believes this remains true and will be available to the State and Federal governments in the development of such a capability in the future. CopperString appreciates the wide range of genuine support that has been expressed for the project and shares in the disappointment of many in being unable to proceed at this time.
The Project will also continue to engage with renewable energy projects to assess the viability of a transmission line to support the establishment of a clean energy corridor across North Queensland. Such a corridor in itself would be of significant benefit to the State.
The CopperString Project will remain available to answer individual enquiries through the contact details published on this site until further notice.