Consortium buys Hazelwood Station

A consortium has been awarded the 1,600 MW Hazelwood Power Station and mine in southeast Australia. The coal-fired generation facility sold for approximately (US)$1.9 billion. Consortium members include Destec Energy, Houston, Texas, USA; National Power PLC, Great Britain`s largest electricity generator; PacifiCorp, Portland, Ore., USA; and the Commonwealth Bank of Australia.