Electricity sale should benefit mining, NSW Minerals Council says
A portion of the $3bn proceeds of NSW’s sale of electricity generators should flow into mining infrastructure, according to NSW Minerals Council chief executive, Stephen Galilee.
Bayswater Power Station in Muswellbrook.
“This landmark decision will generate proceeds of at least $3bn, according to the Government…The Government has given an undertaking that a third of the proceeds will go to regional NSW.
“It is important that a proportion of this is used to deliver infrastructure needed in the hardworking mining communities that provide so much to this State.
“Key mining regions including the Hunter, Illawarra, New-England North West and Central West NSW are delivering substantial economic benefits well beyond the mining sector and into a range of additional industries and business across the State.
“In recent years mining has experienced the strongest jobs growth of any sector and there are now around 93,000 people directly employed in mining and minerals processing in NSW, including thousands of indirect jobs flowing through the economy.
“We commend the Government for this decision. To ensure our NSW mining communities remain attractive places to live and work, it is essential the Government now uses this historic opportunity to invest in vital infrastructure and services in these regions, to keep pace with future growth.”