FACT SHEET - PROJECT MARINUS

WHAT IS PROJECT It can help address Australia’s ‘Energy Trilemma’ by MARINUS? supporting; LOW It’s a feasibility and business case assessment of a COST second Bass Strait interconnector, Marinus Link, Wind, solar, hydro and storage between Tasmania and Victoria. MARINUS LINK Can help Australia’s energy transition as coal generation continues to retire and renewable generation takes its place. ENERGY TRILEMMA

MW OF COAL RETIRING IN THE FORSEEABLE FUTURE LOW SECURE & EMISSIONS RELIABLE

CO2 reductions Dispatchable KEY FINDINGS energy + storage + modern HVDC Based on work to date, Marinus Link: ◊◊ enables substitution of lower cost renewable generation and storage in Tasmania for higher cost thermal and renewables in the mainland NEM; These findings support the ◊◊ unlocks dispatchable on-demand generation continuation of the Feasibility and power system stability services to support the and Business Case Assessment NEM’s transition to renewable energy resources; work, co-funded by the Australian ◊◊ is feasible under a number of plausible scenarios; and Renewable Energy Agency (ARENA) ◊◊ is a risk mitigation measure for a transforming and TasNetworks. NEM. WHAT IS THE TIMELINE? Indicative timetable 1 2 3 4 Feasibilty and Business Definition and Project Delivery Operations Phases Case Assessment Approvals

Project Duration ~2 Years ~2 Years ~4 to 7 years ~40+ years

~4 Years We are here 600 MW Stage 1 + ~3 Years 600 MW Stage 2

PROJECT MARINUS: Connecting Australia to low cost, secure & reliable, clean energy *Based on work done to date:

IS IT TECHNICALLY WHERE WILL IT GO? FEASIBLE? Between the Latrobe Valley and north-west Tasmania with the following indicative favourable route options Yes, for a 600 MW link or a 1200 MW link. Melbourne

CONVERTER CONVERTER Latrobe Valley STATION STATION area

TASMANIA VICTORIA

TRANSMISSION BASS STRAIT TRANSMISSION NETWORK NETWORK

HVDC Favourable routes

Connection points

WHAT ARE THE COSTS TO BUILD? Burnie area

Sheeld area CAPITAL COST Launceston $ 1.3 TO 3.1 BN $1.3 - $1.7 BN 600 MW WHAT ARE THE $1.9 - $3.1 BN 1200 MW BROADER BENEFITS? There is significant economic stimulus to regional WILL THE BENEFITS Tasmania and Victoria. OUTWEIGH THE COSTS? TASMANIA VICTORIA AT LEAST AT LEAST Yes - under some plausible circumstances, creating: $ $ 600M BN ECONOMIC STIMULUS 1 ECONOMIC STIMULUS $ AND AND 470M TO $480M ECONOMIC 500 900 WORTH TO ENERGY JOBS JOBS MARKET DEPENDING ON 600 MW OR 1200 MW UNDER A SCENARIO OF EARLY COAL RETIREMENT QUESTIONS AND WHO WILL FEEDBACK? QLD PAY? Our Initial Feasibility Report seeks your feedback on a NSW number of questions which will support our understand- We will seek a model that ensures ing of stakeholder views on this Report and inform our that those who benefit from the future work. Please visit our website at: SA VIC services of Marinus Link pay projectmarinus.tasnetworks.com.au to read the full for the services. report and find the Questions for Feedback in section 11.2.

TAS Please provide your feedback to us by 29 March 2019.

Website projectmarinus.tasnetworks.com.au

Email [email protected]

Call 1300 127 777