Government green bank receives funding request for $1.2 billion coal-fired power plant

Victoria's Hazelwood coal plant
will shut in March.

The Turnbull government's push for taxpayers to finance new coal-fired power stations is facing its first test after an application for support was lodged with the national green bank.

Clean Energy Finance Corporation chief Oliver Yates told a Senate estimates hearing that the agency received an email on Friday from an unidentified company requesting a loan for a proposed $1.2 billion, 900 megawatt coal plant with carbon capture and storage.

Read Adam Morton’s story in today’s Melbourne Age - “Government green bank receives funding request for $1.2 billion coal-fired power plant.”