Vales Point Power Station

Vales Point Power Station is one of two operating coal fired power stations on the shores of Lake Macquarie, New South Wales. Vales Point is located on the southern shore of the lake, near the township of Mannering Park. It has two steam turbines, with a total generating capacity of 1,320 MW (1, 770, 000 hp) of electricity. Vales Point was the first major power station in New South Wales to be located near its fuel source (coal). In November 2015, the Government of New South Wales sold Delta Electricity, which at that time owned only the Vales Point Power Station, to Sunset Power International for $1 million. In 2017 it was valued at $732 million, and was estimated to make part-owner energy entrepreneur and former National Party candidate Trevor St Baker a half billionaire. However, in December 2021, the value of the plant was cut to $156 million and the annual profit was reduced 93% to $9.3 million. The owner blamed the COVID-19 pandemic for reducing demand and an influx of cheaper renewables reducing wholesale electricity prices. In September 2022 Sunset Power owners announced the sale of Vales Point Power Station to a Czech family investment group Sev.En Global Investments.

Power station data from Wikidata (CC0). Summary from Wikipedia (CC BY-SA).