WA has put up a plan to close nearly 1GW of coal and gas fired power plants to reduce overcapacity and save some of the $500M distribution and capacity payments made each year.
The shutdowns are expected to boost intermittent wind and solar.
Here is a great opportunity for Genex to buy up a few hilltops between Geraldton and Albany, push up some turkey nests (ring tanks to Qlders) install a few pumps and some pipes and cash in on the power balancing market that must emerge.
GNX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
