Low Emissions Technology Demonstration Fund (LETDF)
STATUS:
Currently active contract administration
TIME FRAME Start:
Successful projects announced in 2006/07. Funding out until 2015.
TIME FRAME End:
Post project reporting out until 2020
DESCRIPTION:
Originally the fund was announced as a A$500 million competitive grant fund. It is now administered by the Australian Government's Department of Resources, Energy and Tourism.
The LETDF objective is to demonstrate the commercial potential of new energy technologies or processes to deliver long-term large-scale greenhouse gas emission reductions. Four projects are currently supported through grants totalling $285 million with a fifth project (Callide Oxyfuel) now being funded through the National Low Emissions Coal Initiative (NLECI). Uncommitted LETDF funds have been returned to consolidated revenue.
EXPERIENCE:
LETDF funds available for projects with a carbon sequestration element or capability are:
A$60 million for the Gorgon CCS Project,
A$50 million for CS Energy's Oxyfuel project now funded through NLECI,
A$100 million for HRL Limited's IDGCC project, and
A$50 million for International Power (Technologies) dry brown coal CCS project.
