In June 2025, the Queensland Government transferred oversight of Queensland Hydro to Queensland Investment Corporation (QIC). QIC has extensive experience managing infrastructure assets and is well placed to provide oversight of Queensland Hydro and the Borumba Pumped Hydro Project.
As a multi-decade and intergenerational asset, the Borumba Project can provide long-duration energy storage that can support Queensland’s energy transition.
Our current focus is delivering a refreshed business case and commercial assessment for the proposed Borumba Project that is aligned to the Queensland Government’s five-year energy roadmap strategy and meets the State’s future energy needs. The refreshed business case is expected to be completed by mid-2026. For Queensland Hydro, this scope means a long-duration pumped hydro system.
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