With coal power generation causing heated debate in Canberra, the level of interest in one of the country's older coal plants is notable.
A final bid date for Engie's Loy Yang B generator has been set for August 29, with suitors short-listed after last month's indicative offers now immersed in the data room.
Both new Alinta Energy owner Chow Tai Fook Enterprises and privately owned Delta Energy are understood to be through to the next round of the Rothschild-run sale process, with private equity giant Blackstone still in the mix.
Delta - owned by interests held by power industry maverick Trevor St Baker and advised by Goldman Sachs - is thought to have tied up with a strong partner and is keenly pursuing a bid that would see the 953 megawatt brown coal generator drawn into a portfolio that already includes the Vales Point coal generator in NSW. With the big three power players standing firmly on the sidelines for any coal power station these days, the field is relatively clear for Delta & Co and Alinta to battle it out, although China Resources is also said to be there.