EnergyAustralia will invest $4.8 billion over the next five years to strengthen our electricity network by making it smarter, more reliable, and equipped for future technologies.
Over $900 million will be invested in Sydney’s CBD and eastern suburbs, $865 million in Sydney’s south, $972 million in Sydney’s north, $405 million on the Central Coast and $910 million in Newcastle and the Hunter.
Continued industrial development, residential expansion, a trend of high density housing developments, and the increasing use of air conditioning are key drivers of demand for electricity across EnergyAustralia’s network.
EnergyAustralia’s planned investment highlights for the next five years include:
- Spending $1.6 billion on replacing equipment at nearly 25 key substations and over 20 key power cables
- Building over 40 new major substations in Sydney, the Central Coast and Hunter
- Upgrading nearly 40 existing major substations and almost 20 key power cables, and
- Investing over $500 million alone on the 11,000 Volt electricity network
This significant investment reflects EnergyAustralia’s commitment to maintaining a safe and reliable electricity supply, while meeting the community’s growing electricity needs, and requires an equal investment in frontline electricity workers.
To help deliver this work, an estimated 600 electricity workers will be recruited by EnergyAustralia over the next five years. They will join the extra 1500 workers recruited over the past four years.
More details about EnergyAustralia’s investment and planning programs can be found in the links below.
To find out how we are investing in the electricity network where you live, choose one of the regions below.
|
