The decision to keep the ageing power station operating for up to four more years could cost the government as much as $150m a year
government will announce within days it will extend the operations of Australia’s biggest coal-fired power station for as long as four years.
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. “The NSW government is engaging with Origin on its plans for Eraring Power Stations and will not comment while the process is ongoing,” Energy minister Penny Sharpe said, without elaborating.In an update to the ASX on Tuesday, Origin said “we remain in discussion with the NSW government on the closure date for the Eraring power station”.
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