Bids due for NSW power stations
Source: The Australian, 3 October 2013
INDICATIVE bids for Macquarie Generation are due later this month after which a final sale of the two coal-fired power stations with a book value of $2 billion may be completed by the end of March next year.
Brisbane-based ERM Power, China's Shenhua Group (which owns coalmines, ports, railways and power stations) and Thailand's Ratchaburi Electricity Generating Holding may put forward indicative bids for Liddell and Bayswater power stations in NSW's Hunter Valley. The firms declined comment or did not return calls.
An assessment of the indicative bids will be made at the end of this month, after which a final list of bidders will be decided.
These final bidders will get detailed financial and operational information, including a data room and visits to the sites offered for sale. This includes a vacant site that could be used to house a coal or gas-fired plant.