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clock Created with Sketch. 16/08/17
11:16
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Originally posted by thecurious1
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The project is good news &, thanks to a Government subsidy, should succeed.The government will pay an expected levelised price of $75/MWh, and no more than $78/MWh. This price, however, appears predicated on the company winning a $110 million financing from the federal government, which has been promised by Canberra before last year’s election and reinforced in a tax deal with Nick Xenophon earlier this year. The cheaper equity provided by the government means that the cost of generation will have been cut sufficiently to meet that price negotiated by the state government."
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It's not a subsidy, it's a loan that has to repaid with interest.
