And the impact of the carbon price? “The introduction of a national carbon price will drive substantial change in the Latrobe Valley’s economy over the next decade and beyond,” the report concludes. But the committee overseeing the report “believes that regardless of the short-term uncertainty associated with the introduction of the Commonwealth government’s Clean Energy Future (CEF) policy including the Contract for Closure program, there will be major structural change in the Latrobe Valley’s power generation sector over the next decade and beyond.” It also notes that the region is still recovering from the Kennett government’s privatisation.
MAJOR structural change in the latrobe valley power generation sector over the next decade and beyond.
Hazelwood delay, or Hazelwood option for export and drying the coal for local use will increase its asset base thereby achieving a higher price for contract of closure?
ARUP DFT 2 /3 working in tandem.
IMO after clean energy report due middle august should see a market cap for ECT WELL ABOVE 500 million.
ALL IMO please do own research.
Contract for Closure is a voluntary process and is a component of the Energy Security Fund announced as part of the CEF Package. The objectives of the CFC Program are to:
negotiate the orderly exit, by 2020, of around 2,000 MW of highly emissions-intensive coal-fired electricity generation capacity provide certainty about the timing of closure of this highly emissions-intensive coal-fired electricity generation capacity and provide sufficient time to facilitate investment in replacement lower emissions electricity generation capacity minimise the risks to energy security that may arise from an unplanned exit of electricity generation capacity from the market achieve a value for money outcome on terms and conditions that are acceptable to the Commonwealth ensure that appropriate arrangements are put in place by Eligible Generators to preserve workers’ entitlements and meet all relevant State legal requirements, including requirements regarding site remediation.
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