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Australia Power Market Swot Analysis by Key Players AGL Energy, Snowy Hydro, EnergyAustralia - Press Release - CaymanMama.com


Australia Power Market
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Why is Australia building a $600m gas power plant as world experts warn against fossil fuels?


Last modified on Wed 19 May 2021 05.29 EDT
The Morrison government says it will spend up to $600m on a new gas-fired power plant in New South Wales – the latest in a series of announcements dedicating taxpayers funds to greater fossil fuel use.
Meanwhile, the International Energy Agency has released a landmark report saying there should be no new investments in coal, oil or gas if the world is to keep open a narrow possibility of meeting the goals of the Paris climate agreement and reaching net zero global greenhouse gas emissions by 2050. It has laid out a pathway that could get the world there. ....

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Morrison government to fund $600m gas-fired power plant in NSW Hunter region


Morrison government to fund $600m gas-fired power plant in NSW Hunter region
Adam Morton Environment editor
© Provided by The Guardian
Photograph: Dan Himbrechts/AAP
The Morrison government has confirmed it will spend up to $600m to build a new gas-fired power plant in New South Wales’ Hunter Valley despite experts warning the fossil fuel investment makes little commercial sense.
The government announced on Tuesday night it was dedicating unallocated funding in last week’s budget to the publicly owned Snowy Hydro Ltd plan to build a 660 megawatt gas plant at Kurri Kurri.
It follows Scott Morrison warning last September that taxpayers would step in if the private sector did not commit to building at least 1,000MW to replace the Liddell coal-fired generator in 2023. EnergyAustralia announced last week it would build the 316MW Tallawarra B gas-hydrogen plant with $83m in state and federal support. ....

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