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France's Engie gets 2 bids for Loy Yang B power plant in Australia -sources
September 15, 2017 / 4:11 AM / 2 months 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

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