ENERGEX continues to invest in the maintenance and upgrade of its 3 billion dollars electricity network to help ensure it meets future electricity demand in the rapidly growing region of South-East Queensland, with plans to invest 351 million dollars in the current financial year (2002/03). ENERGEX chief executive officer Greg Maddock said substantial ongoing investment in the network was necessary to help keep pace with the rapid growth in energy consumption in South-East Queensland. "Demand and energy sales are forecast to maintain a four percent cumulative growth rate per annum over the next few years. This will require an investment of an estimated 1.1 billion dollars in maintenance, network improvements and demand driven extension works over the next five years to keep pace with this growth," Mr Maddock said.
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