Hazelwood owners facing unprecedented $743 million rehab bill

Nearly three-quarters of a billions dollars
 to rehabilitate the massive mine
 serving the Hazelwood power station.

The owners of the soon-to-be closed Hazelwood power station have conceded the bill to rehabilitate the mine and demolish the ageing plant will run to almost three-quarters of a billion dollars.

In an extraordinary development highlighting the broader cost of brown coal-fired power, Hazelwood's majority owner, French energy giant Engie, has upgraded its rehabilitation cost estimate by more than half a billion dollars.

The figure was revealed in financial documents quietly lodged with the Australian Securities and Investments Commission 10 days ago.

Read the story by Josh Gordon in today’s Melbourne Age - ”Hazelwood owners facing unprecedented $743 million rehab bill.”