Sumitomo writes down Bluewaters investment: IEFA

SUMITOMO Corporation has written down ¥26 billion (A$340 million) at its Bluewaters coal power investment in Australia following an unsuccessful attempt to refinance as banks continue to pull away from coal lending, according to a report from the Institute for Energy Economics and Financial Analysis.

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Sumitomo writes down Bluewaters investment: IEFA Sumitomo writes down Bluewaters investment: IEFA Sumitomo writes down Bluewaters investment: IEFA Sumitomo writes down Bluewaters investment: IEFA Sumitomo writes down Bluewaters investment: IEFA

Bluewaters power station in WA.