One state’s largest and oldest coal-fired power stations could be shut down within four years, dramatically expediting the timeline for the plant’s closure.

The owners of Gladstone Power Station, in central Queensland , announced on Wednesday the plant might be retired as early as March 2029 — six years ahead of schedule.

While no final decision had been made on the future of the nearly 50-year-old facility, staff were notified about the closure plan.

Gladstone’s joint-venture owners promised “transparent and timely engagement with employees, contractors and suppliers” throughout the process.

Resources giant Rio Tinto is the largest shareholder in the joint venture, which also includes Texas-based firm NRG Energy .

The Australian Energy Market Operator was also notified of the

See Full Page