loy yang power is in debt.
GEAC owe millions to the banks ,the only reason they extended the loan facility is due to long term contract with ALCOA as it provided some assurancy of interest payment being made.
LYP NOW can and will earn revenue from supply of coal,and when carbon tax sets in the reality of Coldry saving millions to GEAC will also become a reality.
ECT do not need to own coal they just need to make brown coal far more valuable.
GEAC / Banks saying no to another revenue stream ,highly unlikely.
where to from here, page-28
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