Hell – we all know that Baird was rotten to the core in every way possible. We are all aware that the State has been raped of its assets wholesale. Baird went gang busters trying to sell everything and no doubt a lot of pockets have been lined. I can promise you that Baird was booted over the Lindt cafe debacle and other things. We have here the most corrupt Government I have ever seen anywhere in the world.
The NSW government is being asked how a coal-fired power station sold by the state in late 2015 has skyrocketed in value now that it’s in private hands.
The Vales Point power station was sold by the Baird government in November 2015 for $1 million but has now been revalued at $739 million by Sunset Power International.
NSW Opposition leader Luke Foley on Tuesday accused the government of fleecing taxpayers of hundreds of millions of dollars.
‘The Liberals power privatization has fleeced the people of NSW, handed profitable assets to the private sector delivered 20% price hikes,’ Mr Foley wrote on Twitter.
However, NSW Premier Gladys Berejiklian, who was treasurer at the time of the sale, stood by the transaction, saying its benefits could not be quantified in cash returns.