Chief Executive Andy Vesey of AGL, Australia’s biggest energy provider, has plans to shift Liddell’s function to renewable energy and replace coal with gas, batteries and pumped hydro after 2022. Liddell powers over “1 million homes in NSW and shutting it could cause major blackouts over the state” said Energy Minister Josh Frydenberg, contradicting AGL’s shift to stop energy production at Liddell after 2022.
Andy Vesey dismissed reports of any deals with chief Jeff Dimery, Alinta Energy to sell its power plant at Hunter Valley. Defying relevant pressures from the Turnbull government to sell the plant which is over 5 decades old, Mr. Vesey believes AGL is not ready to give up ownership of Liddell.
AGL believes the shift to renewable fuel is here to stay. It has plans to shift Liddell’s function to renewable energy and replace coal with gas, batteries and pumped hydro after 2022 coupled with an efficiency upgrade at Bayswater Power Station and conversion of generators at Liddell into synchronous condensers.
Selling or renewable energy production at Liddell will cause major fluctuations in the already volatile energy production industry.
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