(Corrects first paragraph to clarify that valuation of assets
is from sources)
By Byron Kaye
SYDNEY, July 17 Australia's New South Wales
state government is evaluating bids for two power stations, a
spokeswoman said on Thursday, assets that sources had said could
sell for about A$1 billion ($937.3 million).
NSW, the country's most populous state, is selling the Vales
Point and Colongra power stations owned by its Delta Electricity
unit, which together generate about 12 percent of the state's
A NSW Treasury spokeswoman told Reuters the deadline for
initial bids had passed and that investment bank Goldman Sachs,
which is conducting the sale for the government, is now
preparing a shortlist for final negotiations.
"Indicative bids have been received and they're currently
being evaluated," the spokeswoman said without disclosing the
number or identities of bidders.
Goldman Sachs did not return calls requesting comment.
The NSW government is among the busiest in a nationwide
selldown of infrastructure aimed at raising some A$100 billion
to fund capital works and pay down debt.
This week, NSW said it had appointed bankers to prepare for
the sale of a 49 percent stake in its roughly A$20 billion
electricity distribution network in a deal it aims to push
through following an election in early 2015.
Earlier this year the state sold the owner of another two
power stations, Macquarie Generation, to energy retailer AGL
Energy Ltd for A$1.5 billion, and the world's busiest
coal terminal, Port of Newcastle, to Hastings Funds Management
Ltd and China Merchants for A$1.75 billion.
In a statement to the Australian Securities Exchange,
Queensland energy retailer ERM Power Ltd, which bid
unsuccessfully for Macquarie Generation, said it did not make an
indicative bid for the Delta assets.
AGL and rival Origin Energy Ltd, both considered
possible domestic bidders, declined to comment.
($1 = 1.0669 Australian Dollars)
(Reporting by Byron Kaye; Editing by Miral Fahmy)