QLD writes down $1.1B of gas and coal assets

THE QUEENSLAND state government has written down a combined $1.1 billion worth of gas and coal generation assets across its fleet of power stations, as low electricity prices in the national electricity market hit profits.

05 February 2021
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The Queensland government owns energy generators CleanCo, CS Energy, and Stanwell. It also owns two energy transmitters, Powerlink and EnergyQueensland.

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