September 15, 2017 / 4:10 AM / a year ago

France's Engie gets 2 bids for Loy Yang B power plant in Australia -sources

MELBOURNE/SYDNEY, Sept 15 (Reuters) - France’s Engie SA has received final bids from Chinese-owned Alinta Energy and private Australian firm Delta Electricity for the Loy Yang B coal-fired power plant in Australia, two people familiar with the process said on Friday.

A final decision on the sale - which analysts have estimated could fetch up to $1 billion - is expected by before the end of this year, an Engie spokesman said, declining to comment on the bids.

Loy Yang B, located in Victoria state, is co-owned by Engie and Japanese trading house Mitsui & Co.

Chow Tai Fook Enterprises, owner of Alinta, and Delta Electricity declined to comment.

Reporting by Sonali Paul and Paulina Duran; Editing by Kenneth Maxwell

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below