NSW government extends life of Australia’s biggest coal-fired power station by two years to 2027

Deal struck with Origin Energy, owner of 2.88-gigawatt Eraring plant near Lake Macquarie, to limit risk of electricity shortages as renewables come onlineFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s biggest coal-fired power station will remain operational for another two years after the New South Wales government signed a deal with its owner, Origin Energy, in a bid to limit the risk of electricity shortages until more renewables are built.The agreement, announced on Thursday, involves NSW taxpayers underwriting the 2.88-gigawatt Eraring plant near Lake Macquarie to keep generating power beyond the scheduled closure date of August 2025 Origin had set two years ago.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...

May 23, 2024 - 04:30
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NSW government extends life of Australia’s biggest coal-fired power station by two years to 2027

Deal struck with Origin Energy, owner of 2.88-gigawatt Eraring plant near Lake Macquarie, to limit risk of electricity shortages as renewables come online

Australia’s biggest coal-fired power station will remain operational for another two years after the New South Wales government signed a deal with its owner, Origin Energy, in a bid to limit the risk of electricity shortages until more renewables are built.

The agreement, announced on Thursday, involves NSW taxpayers underwriting the 2.88-gigawatt Eraring plant near Lake Macquarie to keep generating power beyond the scheduled closure date of August 2025 Origin had set two years ago.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...

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