We’re being sold hype
FOR a while in the wake of QNI’s collapse last year, it seemed the only people doing well were removalists, as the newly jobless joined a convoy of misery out of town.
Now the removalists are here again ... moving in employees of Townsville’s newest corporate citizen, Adani.
Within weeks, 80 workers at the mining giant’s Palmer St headquarters and their families will be renting out homes as the company rumbles towards its Carmichael coal mine project.
Eighty homes is the first proof positive that Adani will deliver a significant financial fillip to this city.
As they move in during the next month, they will immediately begin injecting cash into the local economy.
They will undoubtedly sample our restaurants and cafes, clubs and pubs.
They’ll try out a hairdresser, take a ferry to Magnetic Island, take the kids to a Cowboys clash, get the car cleaned, and their lawn mowed.
You get the picture. The multiplier effect of new jobs begins its magic. And that’s just the start. If Townsville is successful in its bid to host fly- in fly- out miners, the city will soon be bulging with Adani employees.
Meanwhile, Watpac has brought forward its stadium timetable to begin works on August 18.
So we will soon see the Ross Creek site filling up with earthmovers and hard hats.
Down the road, Sun Metals is ramping up its solar farm construction, one of a string of massive solar projects that will bring more workers here.
There is no doubt that Townsville is on the move again. The arrival of Adani employees, the stadium start and the solar revolution are delivering a badly needed kickstart to the city.
And as their presence becomes increasingly visible, the positivity surrounding these projects will spread.
Confidence is contagious. It’s the one disease we’d be happy for everyone here to catch. PREMIER Palaszczuk and her ministers seem to think North Queenslanders will believe anything if it is dressed up with hype and the words “save the Reef”.
Take the Burdekin Dam hydroelectric power station, for example. They say this is critical to the development of NQ; it will be the catalyst to drive investment and provide the base load power generation we need.
Ms Palaszczuk boasts it will provide 150 gigawatt hours ( GWh) annually. Sounds very impressive ... but unfortunately it’s a con.
A 17 megawatt ( MW) generator will provide 150GWh annually but 17MW will not make an iota of difference. NQ needs a new 1000MW High Efficiency Low Emissions ( HELE) base load coalfired power station.
Labor crows about its $ 300 million hydro commitment but rarely states it is still subject to a feasibility business case. $ 300 million for 17MW of generation capacity equates to $ 18 million per MW. A new 1000MW HELE plant will cost $ 2.2 million per MW.
Another example: The Premier claims that by keeping power generation assets state owned, electricity prices will be lower.
By 2030, half of all electricity generated in Queensland will be from privately owned renewables.
The state owns none of the new large- scale solar projects. The Palaszczuk Government further contradicts its state- owned benefits claims by committing to preferential 20- year contracts to buy the electricity from the privately owned generators.
The more electricity generated by these privately owned projects, the less electricity that is generated by the state- owned generators. The Government has to accept lower revenue and then manipulate the wholesale market to offset this revenue loss.
In 2015 the Palaszczuk Government, in its first budget, transferred an additional $ 4.1 billion of debt to Government Owned Corporations ( GOCs). Our stateowned power entities are now so debt burdened that they cannot fund any new generation projects. New projects are now privatised.
The road to ruin that lies before us is further potholed by the fact the Government seizes 100 per cent of the “net profits” from the power generating GOCs.
This leaves the GOCs without any funds for debt repayment and no capacity to fund capital works/ new investments.
Under the Palaszczuk plan, by 2030 half of all power generated will be by private entities. By 2050 it will be 100 per cent. The large state- owned base load coal- fired power stations will have to close.
Ms Palaszczuk can claim she never sold our state- owned electricity generators. However, she will have closed them, lost all the revenues and all the permanent mine and power station jobs. This will happen without Queenslanders receiving a dollar from her privatisation by default.
This letter provides just two examples of self- serving politics before policy and the Palaszczuk Government believing it can fool the people with hype.
North Queenslanders, look at the facts. Common sense will tell you are being treated as fools.
Trust your gut instincts and do not go down the Palaszczuk road to ruin. BARRY LOWE, Kirwan.