Published: May 05, 2021
Keith Pitt says loan of up to $280m for a Kaban green energy hub near Cairns would be ‘inconsistent with the objectives and policies of the commonwealth’
The Morrison government has vetoed public funding of a windfarm and battery project in northern Queensland, with a cabinet minister declaring it was inconsistent with its goals and policies.
The Northern Australian Infrastructure Facility (Naif), a government agency, in January approved up to $280m funding for the Kaban green energy hub 80km southwest of Cairns. The proponents, Neoen Australia, estimated the development could reduce electricity prices for Queensland consumers by $461m over the life of the project.
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