Former prime minister Malcolm Turnbull has said new coal power generation is no longer competitive in Australia and predicted a major shift to renewables.
Mr Turnbull discussed energy policy on the sidelines of the Credit Suisse Asian Investment Conference in Hong Kong on Thursday.
The issue fuelled doubts over Nationals leader Michael McCormack's leadership after Barnaby Joyce threatened his tenure before retreating. Prime Minister Scott Morrison said the projects would inject a total of 4000 megawatts of power into the National Electricity Market. In addition, a feasibility study would be conducted into ways to meet the energy needs of heavy industry in north and central Queensland.
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