Located approximately 300km from Melbourne in the Australian Alps in north-eastern Victoria, the scheme was developed specifically for power generation. It has three power stations with a total capacity of 241 MW and an annual average annual electricity output of 340 GWh.

The three power stations in the scheme are:

• McKay Creek Power Station
• Clover Power Station
• West Kiewa Power Station

AGL is also building the largest hydro-electric generator developed in mainland Australia for the last 25 years. When operational, the Bogong Power Station will be able to provide renewable electricity to over 120,000 homes during peak summer demand.

AGL’s hydro assets have long operating lives that produce no carbon emissions and provide considerable long-term benefits to AGL.

AGL’s wind farms produce electricity from one of the cheapest and most effective forms of renewable generation, with no fuel costs, no greenhouse gas emissions and no air pollution. The wind farms make a significant contribution to South Australia and toward achievement of the national renewable energy targets.

AGL Hallett 1 Wind Farm was officially opened in June 2008. The wind farm has 45 turbines and operates at a 94.5 MW capacity.

AGL Hallett 2 Wind Farm is currently in construction and due for completion in late calendar 2009. Thirty-four turbines are planned to operate at a capacity of 71.4 MW.

AGL Hallett 4 Wind Farm is currently in construction and due for completion in 2011.

There are two other wind farms under development at Hallett and, if all projects proceed, by 2011 AGL could be operating more than 230 wind turbines at Hallett, with a combined capacity of over 420 MW.

Wattle Point Wind Farm consists of 55 wind turbines set on an area covering 17.5 square kilometres. These turbines have a total capacity of 90.8 MW.

Torrens Island Power Station burns natural gas in eight steam turbines to generate up to 1,280 MW of electricity. It is the largest power station in South Australia and the largest natural gas fired power station in Australia.

Built in 2002, the Somerton Power Station provides 150 MW of gas fired generation and is located close to the major load centre in Victoria, being in the industrial suburbs of Melbourne.

Four 37.5 MW gas turbines make up the generation capacity, reducing the impact of start failure.

In 2004 AGL purchased a 32.5% economic interest in Loy Yang Power, which owns Loy Yang A Power Station and its adjacent coal mine.

Loy Yang A Power Station is a 2,200 MW coal fired base load power station. It is the largest base load generator in Victoria and supplies around one-third of Victoria’s electricity requirements.

The Gloucester Coal Seam Gas Project is a long-term investment in the Gloucester region to develop coal seam gas resources, including the installation of gas wells, construction of a central processing facility and construction of a high-pressure pipeline to transport the gas.

Camden The Camden Gas Project is located 50km south-west of Sydney and has been producing gas for the Sydney market since 2001. AGL has operated the project since February 2006.

Hunter The Hunter Gas Project covers two Petroleum Exploration Licences (PELs) over approximately 10,000 square kilometres in the Hunter region of New South Wales.

Sydney The Sydney Gas Project covers two PELs over approximately 7,000 square kilometres in the central coast and Sydney region of New South Wales.

AGL has a 50% stake in Moranbah Gas Project, one of Australia’s largest coal-seam methane projects. Moranbah’s output represents about 12% of the Queensland gas market.