The government of New South Wales in Australia says that it is hoping to raise more than A$2 billion from the sale of its largest electricity generating firm.
The government of New South Wales in Australia says that it is hoping to raise more than A$2 billion from the sale of its largest electricity generating firm.
The NSW government has called for expressions of interest for Macquarie Generation, which accounts for around 26 per cent of electricity generating capacity in the state.
The sale has sparked interest from firms such as Brisbane-based ERM power and Thai firm Ratchaburi Electricity Generating Holding. Companies have until 19 August to express their interest. The NSW government will select those that it considers qualified and ask them to put in indicative bids.
Macquarie owns the 2000 MW Liddell coal fired power plant and the 2640 MW coal fired Bayswater power plant. The sale also includes two development sites, one of which is adjacent to the Bayswater site with planning approval for a coal or gas-fired generator.
Analysts believe that the Macquarie assets will be attractive to new entrants and the NSW government is reported to have been canvassing potential buyers in Japan, China and Korea.