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    Thu, 17th Dec 2020 7:21:00
    Australia's newest coal-fired power plant deemed worthless by Japanese owner
    The Japanese part-owner of Australia’s newest coal-fired power plant has written off its investment amid dimming prospects for coal. The conglomerate Sumitomo and another Japanese company, Kansai, each own half the Bluewaters power plant, which provides about 15% of Western Australia’s electricity, after buying it for a reported $1.2bn in 2011. But in accounts for the six months to the end of September, released last month, Sumitomo said it had written off the “total amount” of its investment in the power plant, built in 2009. This translated into a loss of 26bn yen (about A$330m) on the now-worthless plant, the company said.
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    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


     
             
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