Financial Feasibilty Study to Examine Australian Solar Tower Concept

One-kilometer-hig solar tower would generate 200 megawatts of electricity

Published: 05-Feb-2004

A pre-feasibility study has shown that a giant solar power station planned for Australia is financially and technically viable, according to the companies behind the project.

EnviroMission, which has the rights to the solar technology, and leading construction company Leighton Contractors Pty Ltd, said yesterday that with the
pre-feasibility study completed, the project would move towards full commercial development.

EnviroMission chief executive Roger Davey said an independent third party would now undertake a detailed examination of the financial structuring of the project. An announcement would be made in the near future, said Mr Davey, a former broker at McIntosh Securities before it was taken over by Merrill Lynch.

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