Below is from the coal plant owner Alinta Energy CEO Jeff Dimery. You clowns do realise it was a private business yeah? Being private it was Alinta's decision.
Mr Dimery said the decision to close the plants and mine followed a strategic review.
He said there had been a decline in energy demands in SA as the number of industrial customers had fallen and households had become more efficient, meaning the state had a significant oversupply of available power.
"There's excess supply of generation and there's been a significant reduction in consumer demand," he said.
"That has put a lot of downward pressure on wholesale prices and as a consequence of that we're unable to generate enough revenue to support the cost structure of the business.
"Households are far more efficient. They're far more energy conscious. Appliances are far more efficient."
Mr Dimery said that during more than four years of running the business, Alinta had incurred operating losses of about $100 million while also investing another $200 million to extend the operating life of the business.
Maybe, just maybe it was a ■■■■ business, that Alinta wanted to get the hell out of.