Australian state gov't rules out coal export plan

Australia's Victorian state government on Thursday shelved plans to export brown coal to India amid fears of a voter backlash.

The Age newspaper in October revealed plans for Melbourne-based company Exergen to develop a 1.5 billion Australian dollar (1.37 billion U.S. dollar) scheme to mine, dry and ship 12 million tonnes of Latrobe Valley brown coal to India for use in power generation.

However, Victorian Energy Minister Peter Batchelor has now ruled out the export plan.

A spokeswoman for Batchelor, Emma Tyner, told The Age newspaper the plan had since been dumped.

"The government has no plans to allocate coal to Exergen or to any other company outside of a competitive tender process," she said.

By admin at 10 12 09 - 20:56 in default

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