Adam Morton,Guardian
For a glimpse into the future of coal power in Australia, travel west. The country's final major investment in coal-fired electricity was in Western Australia in 2009, or when Colin Barnett's state government announced a major refurbishment of the Muja AB station about 200km south of Perth,far from the gaze of the east coast political-media class.
The plant was 43 years old-fashioned and mothballed. Reviving it was meant to cost $150m, paid for by private investors who would reap the benefits for years to come. But costs and timeframes blew out. An old-fashioned corroded boiler exploded. The joint venture financing...
Source: realclearenergy.org