Alcoa faces fine over possible breach of rules by building giant
A state-owned electricity utility in the northern part of Australia may be charged for breaking electricity market rules, after it broke rules to meet a $17.7 billion government investment plan.
Key points: Anarcon is responsible for much of the NSW electricity grid
The state has agreed to pay for it from a $5.8 billion fund to improve the grid
Energy Minister Anthony Roberts will review the situation next week
Anarcon is responsible for much of the NSW electricity grid, and produces much of the state's power, with about 40 pe실시간 카지노r cent of the state's electricity generated by generators in the central Queensland city of Port Pirie.
The Australian Energy Market Operator (AEMO), the electricity market regulator, last week approved Anarcon's purchase of another power producer, Energy Security Holdings Inc, for $2.1 billion, which will come from a $5.8 billion government investment fund.
The project, called AusPower 1, will provide an "independent, efficient, secure, resilient power generation asset".
Premier Mike Baird said the decision to approve the deal was based on ANZ Bank's assessment that the project would generate at least an average of about 50,000 megawatts of capacity annually, which is equivalent to enough electricity for about 15,500 homes in Port Pirie for a period of time.
"[The deal] is the logical conclusion of a comprehensive assessment undertaken in the lead up to a strategic strategic review to address our nation's electricity security," Mr Baird said in a statement.
On Friday, Mr Baird said he would make a decision "in due course".
He did not identify the reason for the purchase but said the project would be funded by an $8.5 billion fund created as a result of a review of our electricity system.
In a statement, Mr Roberts said Anarcon agreed to work with him to review the electricity market's system of pricing electricity, b세종출장샵ut would not make "discounts or exemptions to encourage generators".
He also said Anarcon had agreed to work closely with the regulator to ensure it had "as much oversight as practicable in managing our energy market".
In a statement, Anarcon's head of corporate performance, Steve White said Anarcon had completed a review of its system of pricing.
"It is, for example, likely that ANZ Bank ha코인 카지노s done a complete assessment of our structure