Deal struck with Origin Energy, owner of 2.88-gigawatt Eraring plant near Lake Macquarie, to limit risk of electricity shortages as renewables come online
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Australia’s biggest coal-fired power station will remain operational for at least two more years after the New South Wales government signed a deal with its owner, Origin Energy, in an attempt to limit the risk of electricity shortages until more renewables are built.
The agreement, announced on Thursday, involves NSW taxpayers underwriting the 2.88-gigawatt Eraring plant near Lake Macquarie to keep generating power beyond the scheduled closure date of August 2025 Origin set two years ago.
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