Bolivar Power Station (BOLIVPS1)

Gas Peakers · Iberdrola Australia Energy Markets Pty Limited · Turbine - OCGT

Dispatch stats Financials
Operational AEMO: In Service SA1 Fossil - Natural Gas Pipeline NEM data · 30 days
128 MW
Registered nameplate capacity
30 days revenue
$240.8k
Capacity factor
1.6%
Revenue / MWh
$165.32
Est. SRMC
$151.37/MWh

Energy flow

Dispatch target (cleared) vs availability — 5‑minute intervals. SA1 regional price (RRP) on right axis.

Key information
Capacity
128 MW

AEMO status In Service
Project status Operational (AI)

Iberdrola Australia asset page (2026) describes Bolivar Power Station as an operating firming asset with the gas turbines located in Bolivar; commissioned 2022-12-01.

Region SA1
Coordinates -34.81500, 138.57200 (AI)

Iberdrola Australia and SA planning documents place the Bolivar Power Station at Bolivar, north of Adelaide; exact site is the Bolivar wastewater treatment plant area (iberdrola.com.au; saplanningcommission.sa.gov.au).

MLF 1.0000
DUID BOLIVPS1
Owner Iberdrola Australia Energy Markets Pty Limited
Commissioned Dec 2022
Expected closure 2045
Closure date —
Technology Turbine - OCGT
Fuel Fossil - Natural Gas Pipeline
Gas turbine OEM GE
Turbine / engine model TM2500
Equipment confidence high
Stats window
15 May 2026 01:35 → 14 Jun 2026 01:35 AEST

Dispatch & revenue

15 May 2026 01:35 → 14 Jun 2026 01:35 AEST

Energy revenue (× MLF)
$240.8k
FCAS revenue (× MLF)
$0
FCAS volume
— MWh
Dispatched
1,456.9 MWh
Available
2,054.7 MWh
Curtailed
597.9 MWh
Curtailment
29.1%
of available
MLF used
1.0000
end of period

Revenue (× MLF)

Estimated $ per interval — energy (RRP) and FCAS (regional FCAS prices), both × MLF.

Methodology & assumptions

  • Dispatch & availability — AEMO Next Day Dispatch UNIT_SOLUTION (5‑minute intervals). Intervention intervals excluded.
  • Regional price — dispatch_price RRP matched by settlement time and NEM region (from generator registry).
  • Energy revenue (× MLF) — cleared MW × (5/60 h) × RRP × MLF.
  • FCAS revenue & volume — cleared FCAS MW from DISPATCHLOAD (raise/lower 6s, 60s, 5min, reg) × (5/60 h) × regional FCAS price × MLF. Volume is total FCAS enablement MWh across services.
  • Curtailment — estimated economic curtailment when availability exceeds dispatch target: max(0, availability − cleared) × (5/60) MWh.
  • Not settlement — estimates only. AEMO settlement applies DLF, rebids, constraints, and other factors not modelled here.
MLF history (AEMO daily)
Effective fromMLF
2024-07-01 0.9996
2025-07-01 1.0000

Financial overview

2026 real AUD. Monetary values are CPI-adjusted to 2026 real Australian dollars. Greenfield capex uses AEMO benchmarks when plant-specific cost is unknown.
Type
OCGT
Capacity
128 MW
Revenue (× MLF) (stats)
See dispatch stats link above
Est. SRMC
$151.37/MWh
Capex total (greenfield)
$162.53M

Shown in table
$162.53M (2026 real AUD)

Reported / source value
$154.08M (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
No greenfield purchase/construction price was disclosed on the official asset page, only a lease arrangement.

Reference
Bolivar Power Station | Iberdrola Australia (low confidence)
Source recorded 05 Jun 2026
Capex refurbishment
—
Capex / MW derived
$1,265,823

Shown in table
$1.27M (2026 real AUD)

Reported / source value
$1.20M (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).
Fixed OPEX (annual)
$6.09M

Shown in table
$6.09M (2026 real AUD)

Reported / source value
$5.74M (2024 nominal)
Table total may differ if recalculated from $/MW × registered capacity after CPI adjustment.

How this was derived
Annual fixed O&M implied by the default per-MW value and site capacity.
Fixed OPEX / MW-yr
$47,468

Shown in table
$47.5k (2026 real AUD)

Reported / source value
$45.0k (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
No plant-specific fixed O&M disclosure was found, so the supplied default was used.
Variable OPEX / MWh
$2.64

Shown in table
$2.64 (2026 real AUD)

Reported / source value
$2.50 (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
No plant-specific variable O&M disclosure was found, so the supplied default was used.
Fuel cost / GJ
$12.66

Shown in table
$12.66 (2026 real AUD)

Reported / source value
$12.00 (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
No plant-specific pipeline gas contract price was found, so the supplied default was used.
Heat rate GJ/MWh
11.75

Shown in table
$11.75 (2026 real AUD)

How this was derived
Used the generic new entrant OCGT static heat rate from AEMO's heat-rate table.

Reference
Heat rates | Encapsulates the efficiency of thermal generators (as-generated, HHV) (high confidence)
Source recorded 05 Jun 2026

Confidence: medium · Status: ai estimated · Capex basis: default · AI checked 05 Jun 2026

Notes
Bolivar Power Station is a relocated 120-128 MW dual-fuel peaking asset. The owner states it leases the aero-derivative gas turbine equipment from the South Australian Government for 25 years, and project documents say construction at Bolivar commenced in February 2022 with commissioning on fuel oil in December 2022 and gas in May 2023. No plant-specific greenfield purchase/construction capex announcement was found in the searched official sources, so no reported capex value is entered. Fixed O&M was not found as a plant-specific disclosed value, so a server-side default was applied. Heat rate was set to the AEMO generic new entrant OCGT static heat rate (as-generated, HHV).

Sources