Adani’s budget black hole
Posted on: Sun 15 Oct 2017
Indian coal and energy giant Adani is facing an uphill battle to refinance its existing Abbot Point coal terminal and also to finance its proposed Carmichael coalmine. The refinancing of its port facilities comes as the company must also find billions in loans for its Carmichael coalmine, which every Australian bank – and many international banks – have said that they will not support. To find out more Barometer’s Des Lawrence spoke to Tim Buckley, director of energy finance studies, at the Institute for Energy Economics and Financial Analysis Australasia.
Escalating Financial Risk in Adani’s Abbot Point Coal Terminal