The numbers are big … as we knew they would be.
Should not be drowned out in all the coverage of what happened in Victoria on Tuesday 13th February 2024 – I noticed that Liam Walsh has written about ‘$300m insurance claim goes boom after power station explosion’ in the AFR today (Wed 14th Fed) at 17:56:
This news comes just a day after CS Energy released its abridged report about the cause of the initial failure, triggering the broader Callide C4 Catastrophe yesterday. Callum Webb (in his first article for us on WattClarity) covered this in ‘CS Energy releases report into 2021 Callide C4 unit failure’ here:
So CS Energy’s process safety management systems were not where they needed to be and the critical 220 VDC supply to unit C4 was turned off by maintenance staff without the operators that where in charge of the power plant operation knowing. So the insurance payout is lost and the cost is many $100M! It’s time that management was transferred to Snowy Hydro as they are the only public authority with the ability of managing power plant without wrecking it by ignorance(ignorance is only the lack of knowledge).