After decades of belching pollution, the Hazelwood brown coal-fired power station in Victoria will close in March after French energy giant Engie decided it was no longer viable.-AFP
Engie said it was also looking to sell the brown coal-fired Loy Yang B power station in the Latrobe Valley and the gas-fired Kwinana plant in Western Australia which supplies steam and electrical power.
”Hazelwood is now more than 50 years old. It has been a wonderful contributor to the National Electricity Market but we have now reached the point where it is no longer economic to operate,” Engie’s Australia chief executive Alex Keisser said in a statement.
”Engie in Australia would need to invest many hundreds of millions of dollars to ensure viable and, most importantly, continued safe operation. Given current and forecast market conditions, that level of investment cannot be justified.”
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