Hi Guys IMO they are simply prolonging the inevitable with this...

Hi Guys

IMO they are simply prolonging the inevitable with this proposed base load policy, the costs to keep the ageing coal fired power plants operating or replace them with new installations does not stack up against the power generation costs of renewable's. The cost for generating renewable energy continues to fall as the scale of production increases and the technology improves, if the government goes down this path its hard to see this policy staying implemented for long.

At the end of the day the we will soon have four installations up and running with SCA, not to mention our other projects and we will start to see this reflected on the balance sheet. With the company continuing to grow and hit completion milestones its only a matter of time before the company is evaluated at its true potential.



For those that are interested, Q & A back in July covered the subject of power generation costs , link below

https://theconversation.com/factche...per-than-renewables-as-an-energy-source-81263

2.5 Billion Dollar Power Plant Proposal
https://www.theguardian.com/comment...-power-station-thats-good-old-pork-barrelling

GB