Ann: Update Coldry Patent - Australia , page-11

http://www.theage.com.au/victoria/victorian-power-firms-to-get-97-of-carbon-compo-20110718-1hlr8.html

LYP TO RECIEVE these funds and the carbon credits each year up to 2015 ,need to fulfill certain conditions,especially a clean energy investment plan.

coldry plant at under 400 million in return for

Loy Yang A, the next most polluting plant, would be eligible for a $226 million cash payment and $996 million worth of free permits.
After 2015 these free permits will be part of carbon trading scheme and banking institutions can purchase .

There is a good possibility that LYP /ALCOA partnership to upscale the coldry plant within 10 years to 20 million tons for local use , receive carbon credits and cash compensation while securing long term contract and another plant built on the same site for EXPORT.

Export Coldry plant with DATANG involvement.

November 2011 ,greens ,independents all support it, will carbon tax be legislated ,.... ITS DONE.
http://www.wsws.org/articles/2011/jul2011/carb-j11.shtml

Emission TRADING SCHEME plus free permits will keep LYP LOAN FACILITY with banks viable.


As investors have an input write to government .
What is ECT DOING NOW that we have new board members.?


http://www.cleanenergyfuture.gov.au/consultation-open-legislative-package/

The Government is seeking comment from the public, stakeholders and legal experts on the details of its Clean Energy Legislative Package.

Climate Change and Energy Efficiency Minister Greg Combet and Treasurer Wayne Swan released drafts of the key bills in the package on 28 July 2011. The consultation runs until 22 August 2011