Cementer’s Proposed Fly Ash Agreement in QLD Gets Red Light From ACCC
Queensland, Australia (News4us.com) March 29, 2011
The Australian Competition and Consumer Commission has issued a draft determination proposing not to authorise a fly ash supply agreement between Pozzolanic Enterprises Pty Ltd, Tarong Energy Corporation (TEC) and Tarong North Pty Ltd.
Fly ash is produced by power stations when they burn coal. It can be used as a cost effective partial substitute for cement in concrete.
Pozzolanic sought authorisation, that is, protection for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act 2010, for an agreement that would provide Pozzolanic first right of access to the majority of fly ash produced at Tarong and Tarong North Power Stations.
TEC owns Tarong Power Station and Tarong North Power Station in the south east Queensland region. TEC manages Tarong Power Station, while Tarong North Power Station is operated by Tarong North Pty Ltd.
Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.
“The ACCC’s draft view is that authorisation of the proposed agreement will not provide any significant benefit to the public,” ACCC chairman Graeme Samuel said.
The ACCC is now seeking submissions commenting upon its proposed decision, prior to making a final decision in the coming months. Further information about making a submission can found on the ACCC’s website.
The ACCC’s draft determination will be available from the ACCC website, www.accc.gov.au/AuthorisationsRegister.
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