7th Aug 2023 – EnergyAustralia ‘continues to focus on strengthening performance following improved first-half results’

A belated and back-dated article to point to the EnergyAustralia Media Release of 7th August 2023 titled ‘EnergyAustralia continues to focus on strengthening performance following improved first-half results’ here:

This Media Release follows from this release (almost exactly a year ago) announcing their earnings fall as a result of the 2022 Energy Crisis.

In this Media Release, they note:

‘Improved operational reliability with Yallourn generation availability at 77% in the first half compared to 68% in the prior period.’

… and …

‘Mr Collette added: “Our improved performance in the first half has been supported by a new multi-mine agreement with Centennial to improve coal reliability at Mt Piper and investments to accelerate maintenance at Yallourn. This includes $400 million to complete major outages for each of Yallourn’s four generation units in 2023 and 2024 ahead of the station’s planned closure mid-2028.’