Last-minute buyout quashed

SUGGESTIONS Hazelwood power station could be saved by a last minute buyout have been firmly rejected by the plant’s owner.

On Friday the Australian Financial Review reported power industry figure Trevor St Baker had expressed interest in buying the ageing plant.

Mr St Baker made headlines last year when he bought the Vales Point black coal plant from the New South Wales government for $1 million.

Last week he warned about the implications for Victorian businesses when Hazelwood closes.

“Any manufacturing industry in Victoria that is going to be using a significant amount of electricity is going to be losing,” Mr St Baker told the AFR.

On Monday, French energy giant Engie, which owns Hazelwood, quashed speculation the site could be sold.

“I can confirm that Mr St Baker made a phone call to us about 10 days ago and our position hasn’t changed,” Engie spokesperson Trevor Rowe said.

“The decision has been made to close on 31 March next year and we have no further comment.”