44Infrastructure investment objectives

44 Infrastructure investment objectives

44 Infrastructure investment objectives

(1) The infrastructure investment objectives are—

(a) the overall objectives for the construction of infrastructure to which this Part applies, and

(b) the minimum objectives for the period ending on 31 December 2029 (the 2030 objective investment period) for the construction of generation infrastructure and long-duration storage infrastructure to which this Part applies, and

(c) the minimum objective for the period ending on 31 December 2033 (the 2034 objective investment period) for the construction of long-duration storage infrastructure to which this part applies.

(2) The overall objectives are—

(a) construction of generation infrastructure that is necessary to minimise electricity costs for NSW electricity customers, and

(b) construction of long-duration storage infrastructure that is necessary to meet the reliability standard, and

(c) construction of firming infrastructure that is necessary to meet the energy security target and the reliability standard.

(3) The minimum objectives for the 2030 objective investment period are—

(a) construction of generation infrastructure that generates at least the same amount of electricity in a year as—

(i) 8 gigawatts of generation capacity from the New England renewable energy zone, and

(ii) 3 gigawatts of generation capacity from the Central-West Orana renewable energy zone, and

(iii) 1 additional gigawatt of generation capacity, and

(b) construction of long-duration storage infrastructure with at least—

(i) storage of 16 gigawatt hours, and

(ii) capacity of 2 gigawatts.

(3A) The minimum objective for the 2034 objective investment period is the construction of long-duration storage infrastructure, including long-duration storage infrastructure constructed during the 2030 objective investment period, with a total storage of at least 28 gigawatt hours.