The Federal Government is going to spend money on a gas fired power station.
It is clearly not needed. AGL made this clear in their press statement when they announced they would close Liddell. AEMO has little concern over supply post Liddell. Moreover it is assumed the station will not be used much anyway and have to use diesel in its early stages which makes it both expensive and bad for emissions.
If the market had failed the government would have a fair case but it hasn't. Over time the power station will be rarely used. It will be an expensive white elephant.
No comments:
Post a Comment