If you actually read the report, the impairments are from the unreliability of the coal assets. Loy Yang in particular. They are running at a capacity factor ~40%.
They are closing Liddell to extend the life of the cheap coal contracts. Once the coal contracts end, the coal assets are worthless.
If you actually read the report, the impairments are from the...
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$10.67 |
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| AGL (ASX) Chart |