AGL to Approve Coal Seam Gas and Wind Power Projects  

Bloomberg has a report on AGL's plans to expand their clean energy generation capacity - AGL to Approve A$1.1 Billion Gas, Wind Power Projects.

AGL Energy Ltd., Australia’s biggest power and gas retailer, expects to approve about A$1.1 billion ($716 million) of wind- and gas-fired generation this year for construction as it boosts investments in cleaner electricity. ...

The Hallett 4 wind project may get the go-ahead “in the near future,” Fraser said. The Hallett 3 and Oaklands Hill wind ventures may be approved in the second half of the year, while the 360-megawatt Leafs Gully gas-fired generator in New South Wales should be sanctioned late this year or early 2010, he said.

The wind power projects, in South Australia and Victoria states, would cost about A$750 million, while the Leafs Gully project may cost between A$350 million and A$400 million, Fraser said in an interview. AGL’s options over the BG gas and power assets in Queensland expire on April 14.

AGL won’t delay planned investments waiting to see whether New South Wales goes ahead with a delayed privatization of power assets, Fraser said.