GNE - Genesis Energy

[whatsup]

Yes ,a capacity problem.This is where Lake Onslows battery backup is required

Yeh RIGHT, at a cost plus construction price of estimated $30,000,000,000 ( thats BILLION ) + + for this another pie in the sky marquee construction project that so far is unproven and will eventually double in price before being delivered as all N Z major construction projects do !!.

I think that the major lesson that we have learnt from the last Labor govt is , KEEP THEM AWAY FROM ANY AND ALL GOVT CHEQUE BOOKS !!!!

[Joshuatree]

Yes ,a capacity problem.This is where Lake Onslows battery backup is required

Sub $16 Billion for a permanent reliable green energy back up.Beats winding up Tiwai or Methenex. Cancelling this project has similar aspects to cancelling the new Ferries .

[mfd]

Worth listening to get a better understanding of current dynamics

https://youtu.be/Mh7mIQHbYfo?si=qZMxcUm6hq5GdGNP

Thanks for sharing, that was interesting.

[percy]

Rolls Royce may have the answer.?
https://www.rolls-royce.com/innovati...-reactors.aspx

[Jaa]

Sub $16 Billion for a permanent reliable green energy back up.Beats winding up Tiwai or Methenex. Cancelling this project has similar aspects to cancelling the new Ferries .

Agree on both. Is NZ unable to think long term, invest and actually BUILD for the future?

Or is investment in NZ now considered the $180m of bribes that Meridian and Contact paid just to renew the water rights for the Waitaki scheme?!?! Even that was only for 35 years!

[xafalcon]

Yeh RIGHT, at a cost plus construction price of estimated $30,000,000,000 ( thats BILLION ) + + for this another pie in the sky marquee construction project that so far is unproven and will eventually double in price before being delivered as all N Z major construction projects do !!.

I think that the major lesson that we have learnt from the last Labor govt is , KEEP THEM AWAY FROM ANY AND ALL GOVT CHEQUE BOOKS !!!!

Your cost figure is wrong. The final estimate was $16B

The project was primarily for short term storage of intermittent generation (solar and wind). Because, as the current situation is aptly demonstrating, when the wind doesn't blow the electricity must be generated by alternative sources. And those alternatives are hydro, geothermal, thermal, combustion (diesel). Solar will be the same, the sun never shines at night, and in winter the weather is poor and even on a sunny winter day the solar irradiance is 1/2 of summer levels due to the angle of the earth. This short term storage (12 hours - 7 days) generates a return through arbitrage

But Lake Onslow also allowed long term storage to cover dry years, like this one. 4TWh & 1000MW = enough to easily cover the 3 Huntly rankines and 1/4 of the CCGT.

Cost is relative. $16B is a lot of money. But if the equivalent amount of battery storage was deployed, the cost would be $4T every 10 - 15 years ($30-40T over the lifespan of a pumped hydro system). So 1/2000 of the cost could be considered the bargain of the century, with energy security for decades

The idiots who cancelled the project will be remembered poorly in history. Nothing more than political bloody mindedness - let's cancel everything the other team did. But it is cancelled and Simone Brown is far too conceited to acknowledge he ever makes a mistake, and JK Mk2 is too dumb to realise

NZ is now stuck with aging coal generation assets, a gas shortage, and no plan on how to manage electricity demand growth of 4% compounding. Intermittent is only part of the answer. Storage is the other part, and I don't see resource consent being granted for any new hydro lakes (water batteries) or coal burners, and NZ has no appetite for nuclear (for good reason IMO). Some would rightly call this a slow speed train wreck

[whatsup]

Your cost figure is wrong. The final estimate was $16B

The project was primarily for short term storage of intermittent generation (solar and wind). Because, as the current situation is aptly demonstrating, when the wind doesn't blow the electricity must be generated by alternative sources. And those alternatives are hydro, geothermal, thermal, combustion (diesel). Solar will be the same, the sun never shines at night, and in winter the weather is poor and even on a sunny winter day the solar irradiance is 1/2 of summer levels due to the angle of the earth. This short term storage (12 hours - 7 days) generates a return through arbitrage

But Lake Onslow also allowed long term storage to cover dry years, like this one. 4TWh & 1000MW = enough to easily cover the 3 Huntly rankines and 1/4 of the CCGT.

Cost is relative. $16B is a lot of money. But if the equivalent amount of battery storage was deployed, the cost would be $4T every 10 - 15 years

The idiots who cancelled the project will be remembered poorly in history. Nothing more than political bloody mindedness - let's cancel everything the other team did. But it is cancelled and Simone Brown is far too conceited to acknowledge he ever makes a mistake, and JK Mk2 is too dumb to realise

NZ is now stuck with aging coal generation assets, a gas shortage, and no plan on how to manage electricity demand growth of 4% compounding. Intermittent is only part of the answer. Storage is the other part, and I don't see resource consent being granted for any new hydro lakes (water batteries) or coal burners, and NZ has no appetite for nuclear (for good reason IMO). Some would call this a slow speed train wreck

xaf, show me one project in the last 30 years that has come in on time and on budget, CRL, Marsden Point, Clyde, Sky City, the BNZ building in Wellington, N Z Steel, CH CH rebuild, Waterview Tunnel, Mangere Bridge , Dunedin Hospital, Wellington Museum, the Puhoi to Warkworth motorway to name a few, the Lake Onslow pipe dream will cost $30 Billion minimum, the only way any builder on shore or off shore will build a contract of this nature would be on a cost plus ( charge up ) contract, the very very low productivity of N Z workers is something else.
Just today the CEO of Wellington Water resigned as she forgot to submit a $51 million costing item to her employer.

It just goes on and on.

[Jaa]

xaf, show me one project in the last 30 years that has come in on time and on budget, CRL, Marsden Point, Clyde, Sky City, the BNZ building in Wellington, N Z Steel, CH CH rebuild, Waterview Tunnel, Mangere Bridge , Dunedin Hospital, Wellington Museum, the Puhoi to Warkworth motorway to name a few, the Lake Onslow pipe dream will cost $30 Billion minimum, the only way any builder on shore or off shore will build a contract of this nature would be on a cost plus ( charge up ) contract, the very very low productivity of N Z workers is something else.
Just today the CEO of Wellington Water resigned as she forgot to submit a $51 million costing item to her employer.

It just goes on and on.

It is a serious issue.

Only ones I can think of are the listed property developers, Vital Healthcare, Kiwi Property and Goodman, they seem able to complete projects on time and budget.

[kiwical]

xaf, show me one project in the last 30 years that has come in on time and on budget, .

Probably near the smaller end of projects but SH25A bridge replacement after the original was lost in a slip last year. Estimated 18-month to 2 years. Actual time 6 months. Budget $48M actual cost $43M. You can bet every Minister was lining up for that photo shoot on opening day.......

[whatsup]

Probably near the smaller end of projects but SH25A bridge replacement after the original was lost in a slip last year. Estimated 18-month to 2 years. Actual time 6 months. Budget $48M actual cost $43M. You can bet every Minister was lining up for that photo shoot on opening day.......

Agree, and thats because of the no B S clause !!