Seems the "woke/Broke " crew have abandoned that debate..
“There will need to be a significant build out over the next 10 to 12 years and therefore we need to get this progressively going as quickly as we can”.“We will continue to ensure our current thermal coal assets are there for the market as this transition occurs. That is a very big part of this”. That is the new CEO Nicks knows AGL’s talk is only as good as execution and the purpose of a major briefing with investors was another step in rebuilding confidence in the company that has long been big negative surprises.
Here he is breaking down the big 12 gigawatt ambition into digestible milestones. This includes the closure of the Liddell Power Station so far without incident. Elsewhere AGL is on track to hit 850 megawatt replacement from batteries by June next year and batteries are now operational in South Australia and Broken Hill. S
ignificantly he has upped AGL’s near term development pipeline to 5.3 gigawatts, a sharp increase over what it was targeting from just a few months ago.
AGL Price at posting:
$10.60 Sentiment: None Disclosure: Held
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