Canberra electric car network stalls

Canberra power retailer ActewAGL says it will push ahead with developing an electric car network in Canberra, despite its international partner pulling out.

In 2011, Israel-based company Better Place launched a scheme to set up 16 recharge points around the capital.

So far only 13 have been built.

ActewAGL was one of the initial investors in the project, putting in $2 million.

It also had a $60 million, 10-year contract with Better Place to supply electricity for the Canberra network.

Last month it was revealed Better Place was shifting its short-term focus away from Australia which would have delayed the project.

But now Better Place has announced it is winding up its Australian operations.

ActewAGL CEO Michael Costello says it is a disappointing development and his company is unlikely to see a return on its investment.

"We're going to take stock of where we stand now and see we what we do next.

But it won't just be us.

We'll be talking to the government and we'll be talking to other players," he said.

"There are a lot of other people interested in this in Canberra.

But it will be progress over the coming years.

We don't intend to back off."

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