| Vales Point Power Station | |
|---|---|
 Vales Point Power Station in 2006 | |
 Location of Vales Point Power Station in New South Wales | |
| Country |
|
| Location | Lake Macquarie, New South Wales, Australia |
| Coordinates | 33°9′38″S 151°32′31″E / 33.16056°S 151.54194°E |
| Status | Operational |
| Commission date | 1978 |
| Owner | Sunset Power International |
| Operator | Delta Electricity |
| Thermal power station | |
| Primary fuel | Coal |
| Turbine technology | Steam turbine |
| Power generation | |
| Units operational | 2 × 660 megawatts (890,000 hp) |
| Make and model | Tokyo Shibaura Electric (Japan) |
| Nameplate capacity | 1,320 MW |
| Capacity factor | 63.75% (average 2017-2021) |
| Annual net output | 7,372 GW·h (average 2017-2021) |
| External links | |
| Commons | Related media on Commons |
Vales Point Power Station is one of two operating coal fired power stations on the shores of Lake Macquarie, New South Wales. Vales Point is located on the southern shore of the lake, near the township of Mannering Park. It has two steam turbines, with a total generating capacity of 1,320 MW (1,770,000 hp) of electricity.
Vales Point was the first major power station in New South Wales to be located near its fuel source (coal).[citation needed]
In November 2015, the Government of New South Wales sold Delta Electricity, which at that time owned only the Vales Point Power Station, to Sunset Power International for $1 million.[1]
In 2017 it was valued at $732 million, and was estimated to make part-owner energy entrepreneur and former National Party candidate Trevor St Baker a half billionaire.[2] However, in December 2021, the value of the plant was cut to $156 million and the annual profit was reduced 93% to $9.3 million. The owner blamed the COVID-19 pandemic for reducing demand and an influx of cheaper renewables reducing wholesale electricity prices.[3]
In September 2022 Sunset Power owners announced the sale of Vales Point Power Station to a Czech family investment group Sev.En Global Investments.[4]
- ^ Potter, Ben (19 November 2015). "NSW government sells Vales Point power station for $1m". Australian Financial Review (Subscription Required). Retrieved 22 November 2015.
- ^ Cole Latimer (24 October 2017). "Vales Point power station privatisation put before auditor-general". The Sydney Morning Herald.
- ^ Fowler, Elouise (3 December 2021). "Plunging energy prices sink Vales Point power station". afr.com. Australian Financial Review. Retrieved 15 December 2021.
- ^ Parkinson, Giles (18 September 2022). "St Baker and Flannery cash in on Vales Point coal plant in sale to Czechs". RenewEconomy. Retrieved 29 September 2022.