Greg Combet (Charlton, Australian Labor Party, Minister for Climate Change and Energy Efficiency) Share this | Hansard source

International Power and GDF Suez, the operators of Hazelwood and Loy Yang B, say, 'We are pleased to announce the refinancing of our debt facilities.' The new debt facility was well supported, particularly by the Australian and Asia-Pacific markets. So that is it: the death of the Latrobe Valley, but $1.6 billion in financing just days before the carbon price starts. AGL has invested in Loy Yang A power station and every one of these announcements is a statement of confidence in the economic future of that region.

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