Indeed, Martin Moore (pictured), CEO of Queensland state government-owned CS Energy, told Australian news outlet ABC that “it would surprise me greatly if there were ever any more coal-fired technology built in Australia”.
Moore also said clean coal technology is “not game-changing”, pointing out that an ultra-supercritical coal-fired plant “produces twice the emissions of gas-fired technology” as well as costing around AUD2bn ($1.5bn).
“These assets have a plant life roughly of 40 years, so it’s a very very big long-term bet,” he said. “I think it would be a very courageous board that would invest in coal-fired technology in Australia.”
CS Energy currently operates two supercritical coal-fired plants: the 750 MW Kogan Creek plant and the 810 MW Callide C plant. The firm generates around one-third of Queensland’s electricity.
In a speech earlier this month, Turnbull called for more clean coal plants and said both coal and natural gas will have a significant role to play in Australia’s energy future.
He said that in the coming years Australia “will need more synchronous baseload power and as the world’s largest coal exporter, we have a vested interest in showing that we can provide both lower emissions and reliable baseload power with state-of-the-art clean coal-fired technology.”