Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

I can inform the chamber that the government's Capacity Investment Scheme is working and, as I indicated in my answer to your primary question, Senator Grogan, there has been enormous interest from the private sector. This does stand in contrast to the 22 failed energy policies from those opposite. Mr Taylor's Underwriting New Generation Investments program, the UNGI program—do you remember that? It could perhaps have been titled the 'underwriting no generation investment program', because it failed to underwrite any new generation whatsoever—any at all. In contrast, we were able to support six projects in Victoria and your home state of South Australia, and more than 100 bids were made—a pipeline of viable projects.

I can also update the chamber on the first Capacity Investment Scheme tender for Western Australia. It has been massively oversubscribed by over six times what was tendered.