They want to build a wind and solar farm there - in a place where there is hardly any wind and its cloudy 50% of the time. They will lose 4GW of on demand power generation which they own entirely, and replace it with something which they don't own and which produces only 20% of Liddell's output intermittently after spending 500m to clean up the site. These guys are experts at destroying shareholder value - the share price says it all. Expect more downside after this plays out.
Ann: AGL FY18 interim results and affirmation of FY18 guidance, page-113
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