AGL postpones Liddell and Torrens closures

Company News

by Rachael Jones

AGL (ASX:AGL) has today informed the Australian Energy Market Operator (AEMO) that the first unit at its Liddell Power Station will close in April 2022 but the remaining three units will close later than expected in April 2023.

They also plan to delay the closure of the Torrens gas plant in South Australia to 2020 to help ensure supply during the summer months.

AGL say the move will help mitigate generation impacts across the system following the outage at Victoria's Loy Yang station in May, and ensure that the new gas-fired Barker Inlet Power Station in SA is operationally stable prior to the Torrens closure.

Shares in AGL (ASX:AGL) are trading 0.22 per cent higher at $20.48.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.