Int'l Power refinances debt in Australia

Electricity generating group International Power has announced that is has refinanced its debt facilities at the Hazelwood and Loy Yang B power plants in Australia.

Electricity generating group International Power has announced that is has refinanced its debt facilities at the Hazelwood and Loy Yang B power plants in Australia.

The group, 70%-owned by French power titan GDF SUEZ, says that the A$652m (around £420m) of debt at its 1,542MW Hazelwood plant will be repaid from GDF's corporate resources.

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