Cogent Energy, a wholly owned subsidiary of Origin Energy, has announced a $100 million deal with the City of Sydney to build trigeneration precincts in four zones across central Sydney over a ten year period.
“Working in partnership with large organisations like the City of Sydney, Origin is actively installing smarter technology including trigeneration systems, which use energy more efficiently, reduce carbon emissions and also deliver economic benefits to customers,” Origin General Manager Retail Markets, Jim Galvin said.
Sydney Lord Mayor Clover Moore said the deal would see Australia's first city-wide low carbon energy network and offer a welcome alternative to coal-fired power.
"The Sydney tri-generation network could save NSW electricity consumers up to a $1 billion in avoided or delayed spending on grid upgrades," Ms Moore said.
Precincts and customers for the first stage of the trigeneration project are currently being negotiated. It is expected that the plants will be constructed from 2013, as customers are identified and secured.
Origin will be responsible for the ongoing operation and maintenance of the plants.