Big Mal Turnbull is in Qld today. He seems likely to talk up building a mega-coal fired power plant in the same general area as GNX, to guarantee profits to an Indian investor with major solar power interests. Go figure.
Or Mal could be trying to head off Abbott?
Anyway, the NAIF hasn't made any investments yet.
Announcing NAIF funding for Kidston pumped hydro would provide Mal with a progressing electrical storage project to provide dispatchable power before Liddell falls over.
As for needing review recommendations before doing this, federal and state governments are quite happy to override infrastructure investment reviews when a bit of pork barrelling would get them an extra seat.
GNX Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
