Victoria to review whether or not state will continue to fund coal projects
by Melissa Davey from on (#V1G7)
As a plan to make brown coal briquettes for export to China fails to attract private cash, the state will assess whether past projects gave value for money
The Victorian government has announced an independent review of coal development projects after a demonstration plant in the Latrobe Valley which was set to receive federal and state funding failed to attract private investment.
The project to make brown coal briquettes for export to China was withdrawn less than 12 months after Shanghai Electric Australia Power and Energy Development Pty Ltd was awarded state and federal government funding.
Continue reading...