Ann: Update - Victorian Coldry Project and Capita, page-35

re: Ann: Update - Victorian Coldry Project an... http://www.cleanenergyfuture.gov.au/wp-content/uploads/2011/07/Consolidated-Final.pdf

5 billion dollars / smooth transition ,the most simplest is retrofit gradually while increasing amount of coldry used.

Even the Greens could not complain as it is improving carbon reduction by up to 50% and maintaining job security.

chapter 7.


Assistance for strongly affected generators
The Government will also help generators that face sizeable asset value losses under a carbon price. As a condition of receiving assistance, generators will need to meet system security requirements. They will also need to provide clean energy investment plans, which will be made public. These plans will need to identify their proposals to reduce pollution from existing facilities and to invest in research and development and new capacity. Information on possible projects identified under the Energy Efficiency Opportunities program will also be included in these plans.

This transitional assistance measure will comprise a limited free allocation of Australian carbon permits and cash allocated until 2016-17,estimated at $5.5 billion and amounting to around 23 per cent of the coal-fired power stations? expected liability over this time.

To further underpin energy security, and recognising the difficult borrowing conditions faced by coal-fired generators, the Government, on advice from the Energy Security Council (see below) may offer loans to emissions-intensive coal-fired electricity generators for there financing of existing debt where a coal-fired generator needs finance but is unable to obtain it from the market on reasonable terms. Loans will alsobe offered for a limited period for the purchase of future vintage carbon permits.Loans will be offered on terms that encourage generators to seek private finance in the first instance