AGL Energy confirms schedule of Liddell power station closure

Company News

by Rachael Jones

AGL Energy (ASX:AGL) released the minutes to their annual general meeting today reiterating the schedule for the closure of the Liddell power station.

They will work with the Commonwealth-led taskforce.

They recently announced the first unit would close in April 2022 and the remaining three units closing in April 2023, to support system reliability throughout the 2022 to 2023 summer.

They will continue to progress a number of projects to provide further capacity to the market.

Chairman Graeme Hunt told shareholders they will carry out more analysis this year to understand the impact of climate goals on the closure plans.

Shares in AGL Energy (ASX:AGL) are trading 1.12 per cent higher at $19.
 

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.