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Engie to shut Australian Hazelwood coal-fired power plant, sell two plants

Published 03/11/2016, 12:13 pm
Updated 03/11/2016, 12:20 pm
Engie to shut Australian Hazelwood coal-fired power plant, sell two plants
ENGIE
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MELBOURNE, Nov 3 (Reuters) - France's Engie ENGIE.PA said on Thursday it would shut its Hazelwood power station in March 2017, as it could not justify further investments in Australia's dirtiest coal-fired plant, and was looking to sell two other Australian power plants.

"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 Australian Chief Executive Alex Keisser said in a statement.

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