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Australia is at the forefront of the global energy market in terms of cost, reliability, quality and competitiveness. Australia is rich in energy resources and opportunities.
Investment in new and upgraded infrastructure – electricity, gas and transport fuels, and water supplies and associated infrastructure – is essential to ensure Australia’s strong economic growth is maintained. Key opportunities are considered to lie in: research, development and demonstration of lower emissions coal and gas fired power generation; design, construction and operation of desalination and water treatment plants; public private partnerships in road, rail and port upgrades; and gas and water pipeline infrastructure extensions and upgrades.
An estimated A$30-35 billion of new investment in Australia’s primary energy infrastructure is required, including investment in base load and peak electricity generation capacity, transmission and distribution, and renewable energy. There are a growing number of state owned energy enterprises being disaggregated and privatised across Australia. Australian and State and Territory governments are pursuing energy market reforms to increase competition, efficiency and security of future energy supplies to meet market demands. (Reference: ABARE) A key achievement under the national Energy Market Reform program, was creating a more streamlined regulatory framework, administered by the Australian Energy Regulator, to support vital investment in Australia’s energy sectors.
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