Top Posts
FG says desertification has disrupted livelihoods of over...
UN agency says deadly floods show need for...
NOA sensitises on climate change impact
UN climate change director calls for urgent action...
Environmental activist dismisses CoP meetings on climate change...
Trump administration says it won’t publish major climate...
Climate change: Stakeholders demand action on land use,...
Report: Climate change threatening global data centres
IMF warns climate change may deepen Nigeria’s debt...
Report: Death toll of European Heatwave 3 times...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

NSW to announce life extension of Australia’s largest coal-fired power station

by admineconai April 30, 2024
written by admineconai April 30, 2024
448

The New South Wales government is expected
to announce that it will extend the operations of Australia’s biggest coal-fired power station for as long as four more years.

According to several people who have been briefed on the plans, the decision involves providing taxpayer subsidies to Origin Energy’s Eraring power station for two years with permits to run for two more.

The cost of the subsidies are due to be discussed by the Minns government’s expenditure review committee as soon as this Friday. Environmental groups and local MPs were also due to be briefed on the plans later this week and prior to 10 May.

Read alsoStudy shows PFAS increase likelihood of death by cardiovascular disease

Unlike most of its competitors, Origin does not have long-term contracts for the four-unit plant. The subsidy would be aimed at capping the price of coal but may also extend to other aspects of the plant’s operations including an expansion of its coal-ash dams.

“They are responding to the demands of the fossil fuel sector,” said Tim Buckley, head of Clean Energy Finance, who has compiled reports on how NSW can retain a reliable power system without Eraring. “They will be using taxpayer funds to crowd out private capital” that would otherwise be investing in renewable energy, he said.

In March, Buckley estimated that keeping the power station operating could cost the government as much as $150m a year for just two of its four units.

The previous Perrottet government had been told it could cost the government as much as $1.6bn to keep Eraring running for 18 months, Guardian Australia has been told. That sum, though, involved capping the price of thermal coal when it was trading near its peak in the wake of Russia’s invasion of Ukraine.

Story was adapted from the Guardian.

AfricaAnnouncementNSWPower station
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Study shows PFAS increase likelihood of death by cardiovascular disease
next post
African leaders demand record World Bank financing to combat climate change

Related Posts

UN agency says deadly floods show need for...

July 22, 2025

UN climate change director calls for urgent action...

July 18, 2025

Environmental activist dismisses CoP meetings on climate change...

July 18, 2025

Trump administration says it won’t publish major climate...

July 18, 2025

Report: Climate change threatening global data centres

July 14, 2025

Report: Death toll of European Heatwave 3 times...

July 9, 2025

Japanese Island evacuates residents after relentless earthquake

July 7, 2025

5.2 Magnitude Earthquake Shakes Costa Rica’s Pacific Coast

July 7, 2025

Trump shuts down U.S. website on climate change

July 7, 2025

Report: Absa’s Mauritius Unit to Nearly Quadruple Green...

June 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World