Artist impression of ZeroGen clean coal power station. Source: Supplied
SAYONARA, Premier. Anna Bligh's claims her bungled clean-coal dream would live on have collapsed, with the company at the centre put into liquidation at a loss to taxpayers of almost $160 million.
The Courier-Mail can reveal the controversial ZeroGen operation was shut down a fortnight ago, despite the Premier promising the ailing firm would be given to - and run by - the coal industry to ensure its work did not go to waste.
Documents filed with the Australian Securities and Investments Commission this month show the company is under external administration after a liquidator was appointed on October 11.
ZeroGen was set up to be owned by the Government to develop carbon capture technology. Its key project was to be a $4.3 billion clean coal power plant in central Queensland, running by 2015, with the power to capture 90 per cent of coal emissions.
Courier Mail
Editor's Note: March 2012 cant come quick enough where this woman is concerned. SQUAWK!! SQUAWK!!
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