Vales Point Power Station

The federal government has given the ageing privately-owned Vales Point coal fired power station on the NSW Central Coast a public funding boost, writes Margaret Gleeson.

In November 2015, the NSW government sold the old, coal-fired Vales Point Power Station for $1 million, about the price of an average Sydney home.

Then-NSW treasurer Gladys Berejiklian said it would save the taxpayer from "ongoing losses" and "significant liabilities, such as costs associated with decommissioning, estimated to be in the tens of millions".

Fast forward two years.

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