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Bids made to acquire AGL’s Liddell power plant

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World Coal,


AGL Energy Limited has confirmed that, on 30 April, the company received a non-binding, highly conditional indicative offer from Chow Tai Fook Enterprises (CTFE) and Alinta Energy Pty Limited (Alinta) to acquire the Liddell coal-fired thermal power plant, associated assets and the related site for cash consideration payable to AGL of AUS$250 million.

AGL is assessing the proposal. No assurance can be given that any transaction will result from the offer. AGL will provide further updates to the market as appropriate.

AGL has not sought to sell the Liddell power plant, as it requires Liddell to provide energy to its customers until 2022 and for repurposing as part of its NSW Generation Plan post 2022.

Read the article online at: https://www.worldcoal.com/power/30042018/bids-made-to-acquire-agls-liddell-power-plant/

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Australia coal news