24 April 2012 – The federal government is providing $3.75 million towards the City of Sydney’s Sydney’s trigeneration plant at Green Square, the major inner urban redevelopment project where work is now underway.
The four megawatt plant is expected to service 3300 homes and 5500 residents, as well as shops and offices at the Green Square Town Centre.
The plant is part of the City’s $440 million trigeneration master plan, estimated to have a total capacity of 360 megawatts by 2030, supplying 70 per cent of the local government area’s electricity requirements.
Lord Mayor Clover Moore said: “The federal government’s funding demonstrates the national significance of Sydney’s green infrastructure plans and confirms Green Square’s future role as a leading example of sustainable urban development.
“This local energy network could save NSW electricity consumers as much as $1.5 billion by 2030 in avoided or delayed spending on electricity grid upgrades and new power stations.”
The council is running the project in partnership with Origin Energy and Landcom and investors including Mirvac, Leighton Properties and John Newell.
Origin Energy’s trigen subsidiary Cogent, will build the network, investing $100 million over 10 years for the initial stages of the project.
Key “low-carbon-zones” that will form a core of the network, will be at Green Square, CBD North (Martin Place/George Street), CBD south (Town Hall Precinct) and Pyrmont/Broadway.
Work on the 278 hectare Green Square precinct began last month with the start of demolition work at the old Royal South Sydney Hospital site in Zetland.
The precinct will provide 20,000 new homes, 22,000 jobs and house 40,000 new residents.
The City of Sydney will build community facilities including a new community hall and theatrette, a community shed, artists’ studios and workshops, plus a purification plant for a recycled water system.