Tuesday, 8 July 2014
Australian gas plant to cut 50% of capacity as profits fall
Pelican Point will operate at under half-load from early next year
More than half of the 479-MW capacity at Pelican Point Power Station in southern Australia will be mothballed by operator GDF Suez, leaving operational just 230 MW early next year in reaction to falling electricity demand in Adelaide and high fuel costs curbing profit margins compared with subsidized wind and solar power.
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Projects & Finance
