the irony that former CEO of AGL is now talking the benefits of clean energy (renewables - ones that do not burn a fossil fuel)... after having sold off our renewable assets into PowAR co and in general - dragging his feet on change for the entire duration of his time at the head of AGL.
"Transgrid CEO Brett Redman says the funding for NSW will help the network company to to bundle the transmission projects into a single continuous construction program, saving on costs and time. He says bundling EnergyConnect, VNI West, and HumeLink will achieve capex savings of up to $500 million, through savings in procurement, labour and avoided inflation costs.
“This is the best example of the Team Australia approach to securing cheap, reliable, clean energy for Australians as efficiently as possible,” Redman says.“The sooner we build these transmission projects the sooner we can put downward pressure on the cost-of-living pressures every day Australians are facing.” "
AGL Price at posting:
$8.07 Sentiment: Hold Disclosure: Held
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