Prime Minister ScottMorrisonMP has delivered his plan for the future of reliable and affordable power, whilst highlighting the significant role coal will continue to play in the nation’s rebuild from the economic destruction caused by the coronavirus.
Prime Minister Scott Morrison has delivered his plan for the future of reliable and affordable power, whilst highlighting the significant role coal will continue to play in the nation’s rebuild from the economic destruction caused by the coronavirus. “In Australia, you cannot talk about electricity generation and ignore coal,” the prime minister said. “For decades, coal-fired generation has been a source of competitive strength for our economy – reliable, low-cost energy. This is still true.
“To ensure affordable, reliable power, we need the market to deliver 1,000 megawatts of new dispatchable capacity of 2023-24, with final investment decisions by the end of April 2021.” “So, this is the plan – if the energy companies choose to step up and make these investments to create that capacity – great! We will step back,” he said. “If not, my government will step up and we will fill the gap.
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