hazelwood has to renegotiate finance in july 2012 ,700 million dollars plus.
NO BANKS will do this under a carbon tax.
UNLESS asset revalution and financial backing from federal government to upgrade .
Federal gov plus state provided over 100 million dollars in unproven carbon capture ,november 21st should see a shift in attitude from all involved in the political use of lignite.
FINGERS? yes definately need funding from government and backing from power stations rather than just shareholders supporting ECT.
TINCOM would certainly need to know if it is business as usual regarding lignite or they will be in demand to provide asset revaluation to power operators.
maybe then will see a commitement of funds put in the SPV by TINCOM.
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