“I’m more interested now in what we are doing in electrifying the transport sector, absolutely critical steps forward in the rollout of charging infrastructure,” he toldMr St Baker said Evie Networks was moving into a capital-intensive phase with the rollout of 300 fast charging stations around Australia, while he was also involved in developing e-mobility in the Philippines.
Sev.en has shown a clear interest in energy businesses in Australia, ensuring that it is well-placed to provide reliable generation through the energy transition,” he said.In addition to its stake in InterGen, which has interests in the Millmerran and Callide power stations in Queensland, Sev.en owns four gas-fired generators in the UK and one of the largest metallurgical coal producers in the US, called Blackhawk Mining.
Mr St Baker would not reveal the price of the deal, but said “we didn’t get close to $700 million”. He noted the deal includes a coal mine that supplies the 1320-megawatt Vales Point generator and that the plant is “in good order”.Wholesale power prices are meanwhile several times higher than the $40-$45 megawatt-hour range that prevailed when he and billionaire partner Mr Flannery bought the generator.
“The sale will facilitate this growth as Sev.en has shown a commitment to the sector and an ambition to expand, both in Australia and globally.” writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables.
Someone needs to ask the question, a Power Station for one million and then sold for close to $350 million? NSW Government making the rich even richer. What's going on ?.
Follow the money.🤷♂️
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Source: FinancialReview - 🏆 2. / 90 Read more »