Engie: China Resources has eyes on Loy Yang B.
(CercleFinance.com) - China Resources would be interested in buying out the coal-fired power station Loy Yang B in Australia, in which Engie has a 70% stake and the Japanese group Mitsui the remaining 30%, according to Aurel BGC, which cites the Australian press.
Furthermore, the broker sees that this interest from the Chinese group "may be enough to obtain a correct price, as only Delta Electricity and Chow Tai Fook would be interested in taking over this site to date".
Found 160 kilometres from Melbourne, the Loy Yang B power station generates 953 MW of electricity, representing about 17% of the state of Victoria's energy needs, coming from the Loy Yang open-pit coal mine.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Furthermore, the broker sees that this interest from the Chinese group "may be enough to obtain a correct price, as only Delta Electricity and Chow Tai Fook would be interested in taking over this site to date".
Found 160 kilometres from Melbourne, the Loy Yang B power station generates 953 MW of electricity, representing about 17% of the state of Victoria's energy needs, coming from the Loy Yang open-pit coal mine.
Copyright (c) 2017 CercleFinance.com. All rights reserved.