As part of its strategic review of its currently on care and maintenance Mt Leyshon gold project in Queensland, Australia, AIM listed Leyshon Resources (LRL) has announced the completion of a study into pumped storage hydro power generation.
The study has indicated favourable economics compared to a larger-scale, open-cycle gas turbine project - the assumed next best alternative for providing fast-start peak to intermediate generation capacity. Although the potential project is considered to be one of the first to capitalise on existing mine site infrastructure, the company notes “other highly successful pumped storage schemes around the world”.
This comes with the Australian Energy Market Operator forecasting that in order to maintain supply reliability new generation capacity will be required in Queensland by 2020
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