GAS

AGL gets greener by swapping coal for gas and hydro

AGL Energy has kept its greenhouse emissions footprint to a minimum while continuing to expand th...

AGL gets greener by swapping coal for gas and hydro

Emissions for 2006 were 725,000 tonnes, slightly up on the 2005 figure of 689,000 tonnes. The report showed that 89% of electricity generated in 2005 was from coal-fired power plants, but just 39% a year later. Other major generation came from hydro and natural gas sources.

AGL this week entered into a purchase agreement for the Torrens Island power station northwest of Adelaide for $417 million.

It will further increase its position as a low carbon generation portfolio, accounting for more than a third of its total generation capacity of 3,170MW.

"This transaction substantially adds to AGL's growing fleet of low carbon emission generating plants," said AGL managing director Paul Anthony.

According to the report, AGL last year acquired 736MW of renewable generation capacity, making it one of the largest renewable energy producers in Australia.

In addition, it is developing the Hallet wind farm in South Australia, with construction set to begin at the end of the year.

AGL's plans for 2007 include making it easier for customers to be environmentally friendly, with the goal to increase the number of residential electricity customers on green power to 30,000 and sales AGL Green Balance to commercial and industrial clients of at least 30,000 MWh.

"We will progress new low emissions and renewable generation interests including Hallet wind farm, gas-fired generation plants and Bogong hydro station," the report stated.

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