Sentences with phrase «coal generator loy»

However, AGL also recently bought Australia's largest brown coal generator Loy Yang A and intends to run it for decades.

Not exact matches

Fukushima presented an opportunity for AGL Energy because it meant that Tepco, the plant's operator, was no longer in a position to invest in Loy Yang A and was a distressed seller of its one third stake in Loy Yang A. AGL Energy, which already had a 32.5 per cent stake in the plant, says Loy Yang A will remain one of the lowest cost generators in the NEM because of cheap coal at the doorstep — it pays just $ 6 / t for brown coal, which would give it a massive advantage over black coal generators in NSW, which are facing costs of $ 45 / t and will go higher in future years.

The opportunity for the purchase was presented by a confluence of events — the Fukushima nuclear disaster last year, the generous support for brown coal generators in the government's carbon pricing package, which will see Loy Yang A alone get more than $ 1.2 billion in cash payments and free permits, and the anticipated sharp cost increases for NSW black coal generators as their subsidized source of coal comes to an end.