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Transgrid and Endeavour to deliver new electricity project in Australia
Yahoo Financeยท 2025-10-29 09:43
Core Insights - Transgrid and Endeavour Energy are collaborating on a new electricity infrastructure project to support the Western Sydney Aerotropolis, ensuring a reliable energy supply for the region for decades to come [1][3] - The project includes the establishment of a new bulk supply point (BSP) at Kemps Creek, which is a cost-effective solution to meet the growing electricity demand [1][4] - The Aerotropolis is expected to create 120,000 new jobs and is a significant infrastructure and economic development initiative in Australia [3] Investment Details - The total investment for the project is $136.7 million, with Transgrid contributing $111.7 million for the construction of the BSP [3][4] - Endeavour Energy will invest $25 million to enhance the local distribution network as part of a broader $580 million investment over the next ten years to support the Aerotropolis growth [5] Strategic Importance - The project aims to provide a secure and scalable supply of renewable electricity, linking the Aerotropolis with renewable energy sources across New South Wales [4] - The initiative is aligned with major public and private developments in the area, including the Sydney Metro and M12 Motorway, expected to be operational by the end of the decade [3]