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Hazelwood power station in Victoria to close by March
Thursday, 3 Nov 2016 09:14:35
Hazelwood power plant employs about 800 workers. (ABC News: Jean Edwards)
Hazelwood power station, Australia's dirtiest coal-fired power plant, will officially close in the Latrobe Valley in Victoria by the end of March next year.
The plant employs about 750 people, with 450 direct employees and 300 contractors.
It is the oldest brown coal plant operating in the Latrobe Valley and is considered to be Australia's dirtiest coal-fired plant.
The company said about 250 workers would remain at the power station between 2017 and 2023 to manage the site's rehabilitation.
ENGIE chief executive in Australia, Alex Keisser, said the 1,600-megawatt power station had been operating in a difficult national energy market environment for some time.
"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," Mr 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.
More to come.
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