Port Waratah Coal Services

The New South Wales government's nominally independent Planning Assessment Commission (PAC) has approved a fourth coal loader for the port of Newcastle. Port Waratah Coal Services (PWCS) initially applied to build the loader in 2012 at the height of the resources boom. Since then coal prices have crashed, caused by the fact that renewable energy is now a preferred source of “new build” power plants across the globe and fewer new coal-fired power plants are being built than was forecast.
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