Prime Minister Malcolm Turnbull's love affair with pumped hydro storage continues with the federal government promising to help with the expansion of Tasmania's hydropower system to add another 2500 megawatts of potential storage for the National Electricity Market.
Mr Turnbull has already committed the federal government to a $2 billion expansion of Snowy Hydro as a solution to Australia's energy crisis. During a visit to Tasmania on Thursday, the prime minister said the Australian Renewable Energy Agency would assess several pumped hydro storage proposals as well as the expansion of the Tarraleah and Gordon power stations.
"We have talked about Snowy Hydro 2.0. This could be Tassie Hydro 2.0. The energy market is progressing, the evolution of it is very rapid, so I think the sooner we can see the opportunities here in Tasmania, the better," Mr Turnbull said in Launceston.
"There is an opportunity here for Tasmania to play an even bigger part in ensuring that Australians have reliable and affordable energy and, of course, that we meet our emissions reduction targets."