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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.

paul hunt
QLD writes down $1.1B of gas and coal assets

The Queensland government owns energy generators CleanCo, CS Energy, and Stanwell. It also owns two energy transmitters, Powerlink and EnergyQueensland.  This week the Queensland Audit Office published...

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