‘It’s not just Liddell’: Business on edge as power station shuts

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 90%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Residents in the NSW Hunter region are worried about knock-on effects to the community as the 50-year-old power station shuts down.

Anita White is uneasy. The Singleton-based chief executive who has called the energy rich Hunter Valley home for almost three decades is well-prepared for Liddell Power Station – the state’s third largest – to close at the end of the month.

The two stations together supply about one-third of the state’s energy supply and have been a backbone of employment and industry in the region for more than five decades. Mr Ward is confident he can fill the gap in his contract book left behind by Liddell as rampant demand for Hunter coal offshore fuels activity and employment at local mines including Glencore’s Ravensworth and Centennial Coal’s Ashton Mine and others.But a falling coal price is a concern. Newcastle coal futures have“We can find that 10 per cent elsewhere, but the problem comes when the coal price drops and the other work just dries up,” says Ward.

Of the remaining 180 staff working at Liddell, about two-thirds have transferred to similar roles at Bayswater. Another 50 employees have chosen to retire, while around a dozen have chosen to leave the industry completely.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines