Noosa News
The $300m power station that’s now worth nothing
Plummeting power prices, the influx of renewables and increasing operating costs have forced the State Government to write down the value of the Swanbank E power station to zero.Over $1 billion was erased from the value of the Government’s carbon-emitting electricity assets last year, raising questions about whether the generators would have to be fast-track their closure to prevent losses.The $300 million gas-fired Swanbank E power station was only opened in 2002 as part of the then Labor…
Click here to view the original article.
-
Noosa News23 hours agoTammy Hembrow’s half-brother walks free after choking and stalking ex-girlfriend
-
Noosa News21 hours agoNew Story Bridge footpath decking will be similar to the South Bank boardwalk, with one footpath expected to be open by the end of 2025
-
Business24 hours agoHow to start investing in ASX shares with just $1,000
-
General18 hours agoFormer Victorian Liberal leader John Pesutto to avoid bankruptcy after party agrees to loan him $1.55m