Origin Energy Offers Three-Year Coal Supply Contract to Centennial Coal

Reuters
Feb 05
<a href="https://laohu8.com/S/ORG.AU">Origin Energy</a> Offers Three-Year Coal Supply Contract to Centennial Coal

Origin Energy Limited has offered a new three-year contract for coal supply from Centennial Coal's Myuna Colliery. The terms of the proposed agreement are consistent with the existing contract and are intended to align with the scheduled retirement of the Eraring Power Station. Origin stated that the offer responds to Centennial's request for an end-of-life agreement and aims to provide Centennial with additional time to plan support for its workers. Origin also noted that its offer does not meet Centennial's higher pricing request, which Origin estimates would be approximately $50 million per year above market rates. Discussions between the two companies are ongoing.

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