Gas Week

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Enlarged BBP-Alinta likely to weigh into NSW power privatisation: AGL could cash up to acquire Queensland’s Enertrade

Posted by gasweek on 4 October, 2007

An enlarged BBP-Alinta would be likely to weigh into the NSW power privatisation, reported The Australian (25/9/2007, p. 25).

Costs stack up well: But BBP chief Paul Simshauser said the Alinta business was the “one we can see and touch and feel”. According to Simshauser, the cost of acquiring the generation capacity stacked up well against the cost of creating greenfields facilities from scratch. As for AGL Energy, selling out to BBP would expand its kitty for a possible purchase of government-owned assets in Queensland or NSW. Anthony has been candid about AGL’s interest in Queensland’s Enertrade.

Reference: Criterion with Tim Boreham

The Australian, 25/9/2007, p. 25

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