The Canadian bidder for Origin Energy would be happy to speak with the NSW government about a potential buyback of the giant Eraring coal power plant.
Brookfield, the prospective new owner of the country’s largest coal-fired power station, has declared it would be open to discussions with the NSW government on the potential sale of the generator as it pursues the decarbonisation of Origin Energy which it has agreed to acquire.the giant Canadian infrastructure investor and its partner EIG signed a binding deal to buy Origin for $18.7 billion
“We’d obviously be happy to have any conversation with the government and listen to what they have to say,” Mr Upson toldAdvertisement “Our position on Eraring is that we will close it down as soon as we possibly can under those constraints, and it will close down as fast as or faster than it would have, with our ownership.”after delays in constructing replacement capacity, including Snowy Hydro’s Kurri Kurri gas plant near Newcastle and the Snowy 2.0 pumped hydro storage plant, as well as in the transmission network build-out.
“It’s about building sufficient renewable power and storage to fully meet the demands of Origin’s customers which is about a $20 billion investment and 14 GW of capacity.”
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