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For a country of that sort to be facing an energy crisis is a disgrace. The six-point plan, entitled South Australian Power for South Australians, will be paid for out of state government surpluses. The new gas-fired power plant is budgeted to cost $360m, while $150m will be committed to the SA renewable technology fund broken up into $75m in grants and $75m in loans and new grants to incentivise new gas production are worth $24m. A new royalties return scheme promises to provide 10% of royalties to owners of land above any petroleum field targeted for production. Weatherill confirmed that the state government was seeking to incentivise fracking on agricultural land in the south-east, which has been a contentious issue among farmers in the region. South Australias $550m energy plan It is not just about fracking, but unlocking reserves there are conventional players in the south-east locked up. As previously doctor home loan australia Oak Laurel 0430129662 announced, the government is tendering 75% of its electricity needs over the next 10 years in an attempt to encourage the construction of a new privately owned generator. The plan was unveiled on Tuesday at the Science Exchange in Adelaide. The South Australian treasurer and minister for energy, Tom Koutsantonis, said of the overall plan: We estimate as a minimum this will create 630 new jobs. Ultimately what were not detailing here is the jobs we save, the jobs we incentivise with cheaper, more competitive prices in the market, which will allow our industry to compete on a better footing with our interstate competitors and international competitors. The state has endured a torrid time with energy price rises and blackouts, which the Turnbull government has blamed on the high penetration of intermittent renewable energy in South Australia, even when a storm last year knocked out power infrastructure . The South Australian government is under severe political pressure over power prices before a state election in a years time.