Sev.en Global Investments sues CS Energy over Callide power station failures
A joint venture partner in Queensland's Callide power station has launched a Federal Court lawsuit against the state-owned operator, CS Energy, seeking more than $1 billion. Czech-based Sev.en Global Investments says repeated failures at the plant have caused major losses in generation capacity over the past five years. The legal action was filed on Friday in Australia and centres on three separate incidents at the power station.Sev.en Global Investments said the failures led to the loss of more than 1,700 days of generation capacity. It said it is seeking to recover losses linked to those outages and the cost of... [Continue Reading]
Sponsored

