It’s a no from us – Hazelwood coal-fire plant will NOT be closing

By Dale Benton
Australian electricity giants ENGIE have released a statement today clarifying comments made yesterday suggesting the company would be closing its Hazel...

Australian electricity giants ENGIE have released a statement today clarifying comments made yesterday suggesting the company would be closing its Hazelwood coal mine – despite an operating licence until 2034.

Isabelle Kocher, Chief Executive of Engie, told a French senate hearing that the company was considering selling off or closing its Hazelwood coal mine.

“For the Hazelwood plant, we are studying all possible scenarios, including closure, or a sale if the state of Victoria tells us that it cannot meet power generating needs without this plant,” Ms Kocher said.

But, in a statement released today, ENGIE have acted quickly to clarify these comments, insisting that despite difficult trading conditions, the coal mine is not closing.

“Some have interpreted her comments as ENGIE saying it has decided to close Hazelwood. That is not the case,” it read.

“As we have communicated on many occasions, the energy industry nationally, and particularly the Hazelwood business, is facing a range of significant challenges, not the least of which are the difficult trading conditions which continue to be experienced in the National Electricity Market.”

The Gippsland based power station and mine employs more than 500 staff and contributes up to 5.4 percent of Australia’s energy demand.

Follow @MiningGlobal

Read the May 2016 issue of Mining Global magazine 

Share

Featured Articles

Australia Looks to Loosen China's Grip on Critical Minerals

New Australian government rules around foreign investment in critical minerals targets China dominance in critical minerals market

EY: Silver Miners' Sustainability & Supply Challenge

EY's LatAm energy leader Alfredo Alvarez Laparte on how silver miners can remain competitiveness in face of falling silver production and ESG demands

Caterpillar: Profile of a Mining Equipment Colossus

As Caterpillar shares fall due to falling machinery sales, we profile the mining & construction equipment multinational and its iconic yellow machines

BHP $38bn Anglo-American bid is 'all About Copper'

Supply Chain & Operations

GEM: Non-China Coal Power Sees First Growth Since 2019

Supply Chain & Operations

Biden Ruling 'Threat to US Critical Minerals Mining'

Supply Chain & Operations