Albury Mill Biomass/Gas Cogeneration

3 March 2011

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5. Project Benefits – Phase 1

– CO2 reduction of 15% or 107,000t CO2 per annum – Mill steam supplier – No internal manning changes – Creation of 5 external jobs in biomass supply chain – Up to 100 construction jobs – 75% less natural gas than used now – No upgrade to gas network is required for this phase – Part of the current gas network is available for Albury City Council Planned Industrial Hub project – 8 MW generated on-site, • Exempt from AEMO • 6 MW green generation • 2 MW gas generation

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5. Project Benefits – Phase 2

– Phase 1 benefits plus, – CO2 reduction by a further 16% or 115,000t CO2 per annum –

Total CO2 reduction is now 31% or 222,000t CO2 per annum

– All of the current gas network is available for Albury City Council Planned Industrial Hub project* – 33 MW generated on-site, • 6 MW green generation • 27 MW gas generation * Requires new high pressure gas pipeline infrastructure

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5. This Stage Deliverables

▪ The expected deliverables of this stage 3 Phase 1 are as follows: – Planning approval completed – EIS completed and approvals underway – Detailed design completed – TransGrid connection agreement completed – Commercial arrangements in place including for biomass supply – Construction contractor appointed – Major equipment suppliers selected and agreements in place – Preliminary equipment orders placed – Government funding agreed – Re-confirmed business case – Toll gate submission – Board report and submission – To be completed by 31 December 2011

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For further project information please contact:

Mr Michael Machin Environment and Business Development Manager Albury Mill Ph +61 260583089 (Office) +61418124951 (mobile/cell phone) [email protected]