IPR-GDF SUEZ Australia registers interest in Contract for Cl

21 Oct 2011

International Power

International Power-GDF SUEZ Australia has submitted an expression of interest in the Federal Government’s proposed contract for closure tender process that aims to remove 2000 MW of coal-fired electricity generation by 2020.

IPR-GDF SUEZ Australia's Group Manager, Corporate Affairs, Mr Jim Kouts said the company had advised the government of its willingness to participate in the non-binding expressions of interest process.

However, Mr Kouts said there was no certainty that IPR-GDF SUEZ would participate in the formal contract for closure tender process.

“It is very early days and the terms and conditions of a contract for closure are not known at this stage. We will use these preliminary discussions as an opportunity to gain an understanding of the process and its potential implications for our Hazelwood business.

“IPR-GDF SUEZ has always indicated it is prepared to consider a contract for closure that respects and protects shareholder investment in our asset and that provides more certainty for our employees and other stakeholders.

“However, if the numbers don’t stack-up or the terms are not acceptable, a contract for closure would clearly not be attractive to us.”

IPR-GDF SUEZ is Australia’s largest private generator of electricity. It owns and operates 3540 MW (gross) of renewable, gas-fired and brown coal-fired generating plants in Victoria, South Australia and Western Australia. The company also has a retail operation in South Australia and Victoria through Simply Energy.

IPR-GDF SUEZ Australia registers interest in Contract for Closure process