Connect with us

Business

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

Experts have warned the taxpayer-funded plant is more expensive than alternatives and makes little commercial sense

Published

on

Article feature image

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 weeks 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…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Brokers name 3 ASX shares to buy now 17 June 2021
The Airtasker (ASX:ART) share price has gained 7% in a month