Shoalhaven a loser in electricty privatisation.

Shoalhaven will lose jobs in the public sector should the NSW State Governments electricty asset sale go ahead.

Not only Integral jobs will go, but opportunities will be lost at Bamarang Gas Fired Power Station which was approved in 2006.

Electricty in NSW may need a shake up- but it is a renewable future that it is crying out for not privatisation.

Read what Greens MLC John Kaye had to say on the situation...


As details of Finance Minister Joe Tripodi's so-called "energy reform" package emerge, it is increasingly clear that the Rees government is selling off the existing coal-fired power stations in all but name only. Their electricity privatisation strategy is in deep trouble, according to Greens NSW MP John Kaye.

Dr Kaye said: "Despite Joe Tripodi's expensive overseas trip and six months of high pressure marketing, it is now clear that the Rees government is struggling to find even one purchaser willing to pay a premium price for a slice of the state's electricity industry.
The Finance Minister is softening us up for a failure of the tradesale. Such is his lack of confidence in finding buyers with enough cash that he is preparing a stock market float of some of the most attractive assets and a potential fire sale auction of the rest. "Anyone who was not ideologically committed to privatisation would pull out at this point

"Without regards for the disastrous consequences for households, the environment and power station workers, the Rees government is pushing ahead despite the lack of interest and the risks of losing billions on a forced sale.

"Once the strategy has begun, the Rees government's commitment to the early purchasers to put the entire industry under private control will force a fire sale of the remaining assets. "The thin veneer of so-called ‘gen traders' model has finally been stripped away.
Joe Tripodi has admitted that the private sector will get almost complete control of the power stations for the duration of their technical life. "Any pretence that the coal fired power stations are not being handed over to private control has been destroyed by the admission that the traders will have day to day control over operations, maintenance and the future of electricity workers.
"Gen traders will also be given the right to invest in the powerstations to prolong their lives or increase their coal-burning capacity," Dr Kaye said. For more information: John Kaye 0407 195 455