final approval for portland

  1. 513 Posts.
    PACIFIC HYDRO LIMITED 2003-05-01 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    Renewable energy generator Pacific Hydro Limited expects to start
    construction of its $270 million Portland Wind Energy Project in the
    final quarter of 2003, following today's announcement of final
    Planning Approval by the Minister for State and Regional Development,
    the Hon John Brumby, MP.

    Planning Approval follows several months of studies to relocate a
    number of the generators from their initial location to comply with
    the Minister for Planning's Assessment in August 2002. This
    assessment followed the completion of an extensive Environment
    Effects Statement which resulted in the project achieving Federal
    Government approval in October 2002.

    Pacific Hydro Managing Director, Mr Jeff Harding, said he was pleased
    with the finalisation of this key planning milestone, and also
    welcomed the Government's announcement that it is finalising an
    agreement with NEG Micon for the establishment of a wind generator
    blade manufacturing facility in Portland.

    "Pacific Hydro has been careful to ensure that the new locations
    fully meet the requirements of government and expectations of the
    community, to minimize the chance of any further delays to the
    project," Mr Harding said.

    "The new layout approved by the Minister today addresses issues
    raised by stakeholders, including the relocation of all generators
    from the South West tip of Cape Bridgewater and other areas judged to
    have significant visual impact, but retains the economic viability of
    the entire project," he said.

    Pacific Hydro expects to begin construction on the first site at
    Yambuk at the end of 2003. Construction on the remaining three sites
    is expected to commence in mid-2004, upon completion of the proposed
    blade manufacturing facility.
 
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