The owners of the central Queensland plant are set to receive up to $450m in compensation for the temporary price cap
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotiations with Queensland.
The Australian newspaper reported the owners of the central Queensland power plant, Rio Tinto and its partners, are set to receive up to $450m in compensation for the temporary price cap of $125 a tonne that was put in place to drive down power price increases.