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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Private owners net millions in sale of ageing coal-fired power station in NSW

Lake Macquarie's Vales Point power station with some birds in the foreground
The Vales Point coal-fired power station in New South Wales’ Hunter region has been sold by its private owners to the billionaire-owned firm Sev.en. Photograph: Fairfax Media/Getty Images

New South Wales taxpayers will feel “rightly dudded” by the sale of an ageing coal-fired power station that likely netted the private owners hundreds of millions of dollars in profit, critics including the state opposition have said.

Delta Electricity said it sold the 1,320-megawatt Vales Point power station in the NSW Hunter region to Sev.en Global Investments, owned by Czech billionaire Pavel Tykač.

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