07-02-2021, 08:18 AM
(03-10-2021, 10:11 PM)DJC link Wrote:That was the figure I heard with the closure announcement but I think they meant “one fifth” rather than 5%. Yallourn currently produces 1,450 megawatts and supplies 22% of Victoria's electricity.Main reason is falling electricity prices and the rising costs of maintaining the 1970's infrastructure.
Given the additional 5,000 megawatts of clean energy coming on line in the next 7 years, it’s easy to see why Energy Australia has decided to close Yallourn earlier than scheduled.
Energy Australia is just a front for the Chinese Light and Power Company who fully own the business and if it aint making money then they dont want to know. Earnings for fully Aus Power Companies are on the slide thanks to heavy regulation and they wont be investing much back into the system so we all know what that means and thats Foreign investment to make things happen and gradually a lot of the Fully owned Aus companies will be swallowed up or go under.
Coal becoming redundant....?...Chinese love our coal, burns better and they are sick of the rubbish that Russia and Saudia Arabia sell them. When the Sabre rattling with China stops and its business as usual then that coal might be useful in funding new power sources. The reality is a lot of those companies like Energy Australia alias CLP will be the ones building nuclear reactors in Australia and advancing Solar/Wind power etc.