Complex sentence: After financial difficulties the project was sold by receivers to the newly formed Queensland Energy Resources, which announced on 21 July 2004 that the plant would be closed for economic and environmental reasons and dismantled in 2008.
Split into simpler sentences: After financial difficulties the project was sold by receivers to the newly formed Queensland Energy Resources. The company announced on 21 July 2004 that the plant would be closed for economic and environmental reasons and dismantled in 2008.