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Feb 05, 2021

State-owned power plants in $1b-plus write-down

State-owned power plants in $1b-plus write-down

More than $1 billion has been wiped off the value of coal and gas power stations owned by Queensland electricity generators CS Energy, Stanwell and CleanCo in the past year. A report from the Queensland Audit Office showed that lower electricity prices resulted in combined net losses of $367 million for the State-owned generators in 2019-20 and…

This content is for iQ Industry Queensland, iQ Coal, iQ Civil, iQ Geo, iQ Miner’s Life, iQ Rockhampton, iQ Coal and Mining North, iQ Coal and iQ Geo, iQ Civil and iQ Coal, iQ Civil and Mining North, and iQ Civil and iQ Geo members only.
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