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Feb 05, 2021

State-owned power plants in $1b-plus write-down

State-owned power plants in $1b-plus write-down

More than $1 billion has been wiped off the value of coal and gas power stations owned by Queensland electricity generators CS Energy, Stanwell and CleanCo in the past year. A report from the Queensland Audit Office showed that lower electricity prices resulted in combined net losses of $367 million for the State-owned generators in 2019-20 and…

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