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Engie Takes Further Steps for Generator Sales


Source: Australian Financial Review, 9 August 2016

French energy giant Engie will meet with investment banks in Melbourne over the coming fortnight as it steps up plans to sell two large Australian power assets. 

Engie, the rebadged GDF Suez Group, is seeking to divest the Loy Yang B brown coal-fired power station in Victoria's Latrobe Valley, as well as the Kwinana gas generator in Western Australia.

The power portion of Engie's Australian sell-off is said to be worth about $1 billion. On the oil and gas side, Bank of America-Merrill Lynch has been appointed to sell a small gas field off the Northern Territory coast.

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