The NSW government has agreed to pay Chinese company Shenhua $100 million for abandoning its approvals to build a coal mine in the Liverpool Plains.
The move came as Queensland’s state-owned power company Stanwell Corporation flagged it may mothball its coal-fired power stations or close them before the end of their technical life as Australia moves towards a low-emissions economy.
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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
