Sanjeev Gupta urges Canberra to underwrite energy plan

Original article by Perry Williams
The Australian – Page: Online : 4-Jun-19

British billionaire Sanjeev Gupta says it is important to have new and competitive sources of power generation before ‘legacy generation’ is phased out. Gupta wants the re-elected Coalition government to expand the scope of its underwriting generation scheme, which Australian Competition & Consumer Commission chairman Rod Sims first proposed in 2018 as a way of encouraging new sources of power generation. Gupta, who rescued the Whyalla steelworks from administration in 2017, wants to build electric cars in Australia.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, LIBERTY HOUSE GROUP, SIMEC

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