00:02Switched on to help power the ACT.
00:05This is big, this is a big and important project for the Territory.
00:11The Williamsdale battery packs in 500 megawatt hours of capacity.
00:16According to the battery builders, that's enough to handle two hours of peak electricity demand for one third of Canberra.
00:22Energy security is highly important I think.
00:24We're a very lucky nation in that we have a huge amount of resources
00:27but I think electrification is coming and we need to build a network that can support that.
00:32As part of the project agreement, the government will pay the battery company a support charge of $368 million in
00:40instalments across 15 years
00:42and will receive 50% of the battery's net revenue.
00:46The upfront capital cost was met by the investors and then it's paid back over time and generates revenue for
00:53the Territory.
00:54That's all I think a positive.
00:56The Chief Minister says the government welcomes more renewable energy and storage projects for the region but with an important
01:04caveat.
01:04It's got to be in locations that are supported, suitable and a degree of social licence as in community support
01:12and benefit
01:13is a really important part of this sort of infrastructure investment.
01:17A reminder that big infrastructure projects should be done with communities, not to them.
01:23the
