Noosa News
Why we’re paying $4 million for a ‘worthless’ study of NQ power station
Wednesday March 24, 2021
Taxpayers might not get anything in return for $4 million granted to a company who want to see if it is a good idea for a new coal-fired power station to be built in north Queensland.
Photo: Andrey Metelev/Unsplash
Department of Industry, Science, Energy and Resources senior official Rachel Parry conceded it was okay if the company, Shine Energy, did not end up with a bankable feasibility study.
“It’s been 14 years since a coal plant has been built in Australia,” she told a Senate estimates hearing on Monday evening.
“This is a market sounding to…
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