In January 2021, as part of the Hells Gates Dam Business Case the Hells Gates Pumped Storage Project Feasibility report was delivered to the Queensland and Federal Government. This is a Pumped Hydro Storage system that can generate up to 808MW that is intended to integrate into the National Electricity Grid to secure reliable power for North Queensland. It will be located in Northern Queensland, within the Charters Towers Local Government Area (LGA), approximately 120km north of Charters Towers.
The proposed Hells Gates Pumped Storage Business Case will be built upon the Hells Gates Pumped Storage Project Feasibility Report. This proposed Business Case establishes and assesses the need, benefits and affordability of the Hells Gates Pumped Storage scheme to enable governments and private equity partners to make informed investment decisions regarding the project. The Business Case will identify the construction timeline and jobs together with the economic benefit analysis for the North Queensland region.