1 00:00:00,160 --> 00:00:03,600 Speaker 1: Some Cable has now obtained environmental approval for the Northern 2 00:00:03,640 --> 00:00:06,960 Speaker 1: Territory Government and well from the Northern Territory Government, i 3 00:00:06,960 --> 00:00:10,280 Speaker 1: should say, in the Northern Territory Environment Protection Authority for 4 00:00:10,360 --> 00:00:14,120 Speaker 1: its Australia Asia Power Link project. It paves the way 5 00:00:14,400 --> 00:00:17,400 Speaker 1: for the next phase of the development and the project 6 00:00:17,480 --> 00:00:20,920 Speaker 1: is said to be the world's largest renewable energy and 7 00:00:21,040 --> 00:00:24,880 Speaker 1: transmission project in development and is forecast to be one 8 00:00:24,880 --> 00:00:29,480 Speaker 1: of the largest economic industrial developments in Australian history. Now 9 00:00:29,560 --> 00:00:32,040 Speaker 1: joining me in the studio to tell us a little 10 00:00:32,040 --> 00:00:34,879 Speaker 1: bit more about the milestone and the next steps for 11 00:00:35,000 --> 00:00:39,680 Speaker 1: the project is Some Cable NT Regional director Jet Street. 12 00:00:39,720 --> 00:00:42,320 Speaker 1: Good morning to you, Good morning, great have you in 13 00:00:42,320 --> 00:00:45,320 Speaker 1: the studio. Ho Now, Jet tell us what does yesterday's 14 00:00:45,320 --> 00:00:48,920 Speaker 1: approval mean in terms of progress for this project. So, 15 00:00:50,040 --> 00:00:54,800 Speaker 1: the principal environmental approval is a major milestone for any 16 00:00:55,240 --> 00:01:00,280 Speaker 1: major project development. It essentially reflects about four years worth 17 00:01:00,280 --> 00:01:04,480 Speaker 1: of work, in our case, numerous four years worth of 18 00:01:04,560 --> 00:01:10,680 Speaker 1: public consultations, site tests and analysis to assess and determine 19 00:01:10,680 --> 00:01:12,960 Speaker 1: what the project is and get the approval for us 20 00:01:12,959 --> 00:01:16,000 Speaker 1: to progress that development. And Jet, for those listening this 21 00:01:16,080 --> 00:01:18,400 Speaker 1: morning who sort of have a vague idea of what 22 00:01:18,440 --> 00:01:21,720 Speaker 1: this project is, but maybe don't fully sort of understand 23 00:01:22,360 --> 00:01:24,360 Speaker 1: how big it is. Just remind us. 24 00:01:24,920 --> 00:01:31,880 Speaker 2: So the Australia Asia Powerlink is the world's largest renewabalantity 25 00:01:31,920 --> 00:01:36,200 Speaker 2: project in development in the world. In fact, this approval 26 00:01:36,280 --> 00:01:39,600 Speaker 2: is so significant because to the best of our knowledge, 27 00:01:39,640 --> 00:01:42,120 Speaker 2: it's the first time that an approval has been granted 28 00:01:42,120 --> 00:01:45,000 Speaker 2: by a regulator in Australia for a project that spans 29 00:01:45,040 --> 00:01:48,720 Speaker 2: almost two thousand kilometers. So that is a remarkable achievement 30 00:01:48,760 --> 00:01:50,600 Speaker 2: and one of the reasons why it's taken a number 31 00:01:50,600 --> 00:01:53,960 Speaker 2: of years for us to obtain this approval. So that 32 00:01:54,000 --> 00:01:58,440 Speaker 2: two thousand kilometers is comprised of a number of different 33 00:01:58,480 --> 00:02:01,840 Speaker 2: components for the project. So there's a large renewable energy 34 00:02:01,880 --> 00:02:04,280 Speaker 2: precinct that will be built in the Barkley region for 35 00:02:04,320 --> 00:02:06,880 Speaker 2: the Northern Territory, and that's where the solar power will 36 00:02:06,920 --> 00:02:09,800 Speaker 2: be harnessed and stored in batteries. From there, we have 37 00:02:09,840 --> 00:02:12,880 Speaker 2: eight hundred kilometers worth of overhead transmission that will bring 38 00:02:12,919 --> 00:02:16,920 Speaker 2: that power to industrial customers in Darwin. Through a combination 39 00:02:17,160 --> 00:02:19,519 Speaker 2: of the batteries and the solar we will be able 40 00:02:19,520 --> 00:02:22,239 Speaker 2: to supply that renewable energy twenty four hours a day 41 00:02:22,520 --> 00:02:25,160 Speaker 2: and that is a complete game changer for the industry. 42 00:02:25,560 --> 00:02:29,000 Speaker 2: And being able to supply renewable electricity twenty four hours 43 00:02:29,000 --> 00:02:32,040 Speaker 2: a day is a really critical part of meeting the 44 00:02:32,080 --> 00:02:35,800 Speaker 2: decarbonization and climate change goals for the world. So that 45 00:02:35,880 --> 00:02:39,600 Speaker 2: power will attract new industrial developments into Middle arm or 46 00:02:39,840 --> 00:02:43,720 Speaker 2: across Northern Australia, and those industries will be in critical 47 00:02:43,720 --> 00:02:47,800 Speaker 2: green minerals, processing in green hydrogen and other kind of 48 00:02:47,800 --> 00:02:51,360 Speaker 2: green fuels and products like this, which are all really 49 00:02:51,400 --> 00:02:55,000 Speaker 2: important parts of meeting like the world's climate change objectives. 50 00:02:55,080 --> 00:02:56,960 Speaker 1: So what are the next steps now for. 51 00:02:57,000 --> 00:03:00,120 Speaker 2: You don't add one more thing, sure from Darwin, we've 52 00:03:00,120 --> 00:03:03,639 Speaker 2: got another four thousand, three hundred kilometers worth of transmission 53 00:03:03,800 --> 00:03:06,440 Speaker 2: or to take a further another two giga what's worth 54 00:03:06,440 --> 00:03:09,040 Speaker 2: of power to customers in Singapore as well. And so 55 00:03:09,200 --> 00:03:12,320 Speaker 2: a combination of these two things makes this project the 56 00:03:12,360 --> 00:03:16,280 Speaker 2: first intercontinental power grid in the world, which is really 57 00:03:16,320 --> 00:03:20,160 Speaker 2: exciting and something that we envisage at Australia can play 58 00:03:20,160 --> 00:03:22,840 Speaker 2: a broader part in the Southeast Asia region in future. 59 00:03:23,520 --> 00:03:25,360 Speaker 2: And it also is the first time there'll be this 60 00:03:25,440 --> 00:03:29,000 Speaker 2: gigawatts scale power available twenty four hours a day in 61 00:03:29,080 --> 00:03:31,959 Speaker 2: the world, which is what's making Australia competitive in the 62 00:03:32,000 --> 00:03:33,160 Speaker 2: global landscape. 63 00:03:33,280 --> 00:03:38,280 Speaker 1: It does for some people it sounds so huge, particularly 64 00:03:38,440 --> 00:03:40,920 Speaker 1: you know, like going from Darwin to Singapore that for 65 00:03:40,960 --> 00:03:42,240 Speaker 1: some of us, you know, you sort of trying to 66 00:03:42,240 --> 00:03:44,360 Speaker 1: wrap your head around it, going how can this work? 67 00:03:44,400 --> 00:03:46,680 Speaker 1: And I know that there is some listening this morning 68 00:03:46,720 --> 00:03:49,520 Speaker 1: who might sort of be speculative about whether it will 69 00:03:49,560 --> 00:03:51,760 Speaker 1: be able to happen or not. But you guys are 70 00:03:51,960 --> 00:03:54,440 Speaker 1: absolutely forging ahead with this. By the sounds of it. 71 00:03:55,080 --> 00:03:58,400 Speaker 2: Well, yeah, I mean, admittedly it's a very audacious project 72 00:03:59,480 --> 00:04:01,400 Speaker 2: and I I just like to think that in the 73 00:04:01,480 --> 00:04:04,960 Speaker 2: territory we like to do things that might be impossible, 74 00:04:05,000 --> 00:04:08,040 Speaker 2: and I think this project really defines the territory spirit. Actually, 75 00:04:08,640 --> 00:04:12,040 Speaker 2: we've got about fifteen territorians in the headquarters here in Darwin, 76 00:04:13,040 --> 00:04:15,120 Speaker 2: and we know that this project will invest deeply in 77 00:04:15,120 --> 00:04:15,800 Speaker 2: the territory. 78 00:04:16,640 --> 00:04:17,240 Speaker 1: It already is. 79 00:04:17,240 --> 00:04:20,560 Speaker 2: In fact, we've spent around I think, oh, I'm going 80 00:04:20,680 --> 00:04:23,440 Speaker 2: to make this mistake here. I think it's twelve or 81 00:04:23,680 --> 00:04:26,039 Speaker 2: it's twelve or fourteen million dollars in the last couple 82 00:04:26,080 --> 00:04:30,080 Speaker 2: of years on territory businesses and with our employees here 83 00:04:30,480 --> 00:04:33,400 Speaker 2: and going forward, the projects estimated over the next twenty 84 00:04:33,480 --> 00:04:36,400 Speaker 2: years to spend about over the next forty years will 85 00:04:36,440 --> 00:04:39,600 Speaker 2: inject about twenty billion dollars directly into the Northern territory. 86 00:04:39,680 --> 00:04:42,920 Speaker 2: So we know it's a huge economic killer for the 87 00:04:43,040 --> 00:04:44,040 Speaker 2: territory going forward. 88 00:04:44,160 --> 00:04:46,520 Speaker 1: So what are the next steps from your perspective to 89 00:04:46,680 --> 00:04:47,400 Speaker 1: this project. 90 00:04:47,640 --> 00:04:51,039 Speaker 2: Yeah, so this environmental approval is quite remarkable because it 91 00:04:51,040 --> 00:04:53,400 Speaker 2: gives us the certainty to progress a number of different 92 00:04:53,440 --> 00:04:56,719 Speaker 2: development activities that will take us to financial investment decision, 93 00:04:57,080 --> 00:05:01,160 Speaker 2: which is targeted for twenty twenty seven. Those activities will 94 00:05:01,200 --> 00:05:07,080 Speaker 2: include securing your land, developing your social impact management plans 95 00:05:07,600 --> 00:05:13,160 Speaker 2: and other environmental management plans, and also securing your indigenous 96 00:05:13,240 --> 00:05:14,400 Speaker 2: land use agreements. 97 00:05:15,240 --> 00:05:17,479 Speaker 1: I'm assuming a lot of that's probably going to be 98 00:05:17,560 --> 00:05:21,000 Speaker 1: made slightly easier based on yesterday's decision, though, is ash. 99 00:05:21,120 --> 00:05:23,160 Speaker 2: Yeah, Well, it gives you a degree of security or 100 00:05:23,200 --> 00:05:25,599 Speaker 2: certainty over the development so that you can move forward 101 00:05:25,680 --> 00:05:29,359 Speaker 2: with those things. And also it gives you this certainty 102 00:05:29,400 --> 00:05:32,440 Speaker 2: over your kind of corridors, so then you can develop, 103 00:05:32,600 --> 00:05:35,960 Speaker 2: you can optimize your route and undertake your detailed engineering. 104 00:05:36,680 --> 00:05:39,440 Speaker 2: It also means that we can further mature those commercial 105 00:05:39,520 --> 00:05:42,560 Speaker 2: conversations with the customer projects because now we have a 106 00:05:42,600 --> 00:05:45,760 Speaker 2: development timeline that we know we can meet and we 107 00:05:45,800 --> 00:05:49,359 Speaker 2: know what the regulatory requirements for the project will be. Therefore, 108 00:05:49,400 --> 00:05:52,159 Speaker 2: we can start to talk with in real detail to 109 00:05:52,240 --> 00:05:54,560 Speaker 2: the customer projects in Middle Arm about when we can 110 00:05:54,600 --> 00:05:57,320 Speaker 2: supply the power and how much power will be there. 111 00:05:57,960 --> 00:06:02,880 Speaker 2: Well Jet straight these sun Cable Regional Director really appreciate 112 00:06:02,880 --> 00:06:04,920 Speaker 2: your time this morning. Thank you very much for joining 113 00:06:04,960 --> 00:06:05,839 Speaker 2: us and having a chat. 114 00:06:05,680 --> 00:06:06,680 Speaker 1: To us about the project. 115 00:06:06,760 --> 00:06:08,120 Speaker 2: No problem, Thank you.