St Baker, China Partner Plan A$6 Billion Coal Plants: Australian
- Tycoon will set out plans for Australia projects next week
- Energy policy a key issue ahead of country’s looming election
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Australian power-sector tycoon Trevor St Baker will set out plans to build new coal-fired plants under proposals for A$6 billion ($4.3 billion) of developments with a Chinese joint venture partner, the Australian newspaper reported.
St Baker, founder of ERM Power Ltd. and chairman of privately-held Sunset Power International Ltd., will submit plans next week to Australian Energy Minister Angus Taylor, according to the newspaper. Taylor has called for new investment in coal-powered plants and demanded generators help to lower electricity prices.