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The Department of Energy said Thursday around 6,300 megawatts of “young” coal capacity will continue to reliably supply the country’s baseload power requirements until 2030 and beyond.
“We are prepared for the various scenarios of the energy transition and the relatively young age of these coal plants help ensure that we will have enough baseload capacity through to 2030,” Lotilla said. “It is not the moratorium, but the market that has discouraged construction of coal plants. The scarcity of financing, higher insurance costs and the risks of carbon taxes and carbon pricing have deterred new coal projects,” Lotilla said in response to the call of PCCI to lift the coal moratorium to address the country’s growing power demand.
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