A report says that keeping Australia’s largest coal-fired power station partially open for an extra two years would boost the reliability of the state’s energy supply.
but decided against picking up the asset over concerns that underwriting a plan to keep the coal-fired power station open longer could “crowd out” other investments in energy.Kean said an initial figure of about $1 billion, which included an upfront payment of $239 million as well as the cost to buy coal to run the power station, was provided to him by energy experts engaged to advise the former government on a potential deal with Origin Energy.
Matt Kean, then the NSW energy and environment minister, during a visit to the Sapphire Wind Farm near Uralla in 2020.“It hits taxpayers up with about a $3 billion hit, it slows NSW’s energy transition, and it opens the further multibillion hits from every other coal-fired power station,” Kean said.“Dealing with the retirement of coal-fired power plants has been made much harder by the previous government’s decision to sell off all the state’s electricity assets,” Sharpe said.
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