Alinta to sell assets

In exchange, the lending group will discharge the substantial debt owed by Alinta Energy.

Alinta’s assets include the gas-fired power stations at Braemar in Queensland, Bairnsdale in Victoria, as well as five in Western Australia – Port Hedland, Newman, Cawse, Pinjarra and Wagerup – two coal-fired power stations in South Australia (the Flinders portfolio consisting of the Northern and Playford stations) and a steam thermal power station in New Zealand (Glenbrook). Alinta also has an 11.8 per cent interest in the Goldfields Gas Pipeline, a 1,300 km gas transmission pipeline in Western Australia.

Two assets, the coal-fired Redbank power station in New South Wales and the gas-fired Oakey power station in Queensland, will be the only operating assets excluded from the acquisition.

Alinta’s board will decide what to do with the remainder of the business in due course.

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