Australian Financial Review
Friday 2/11/2007 Page: 65
As the latest stage of the Queensland's government's multi-billion-dollar sell-off of its energy assets unfolds, sources said Babcock and Brown had not made a formal bid for the $200 million-plus business by Monday's deadline. That leaves only Arrow Energy and Suncorp Metway in contention for acquiring a gas trading business and a Moranbah-Townsville pipeline. The Moranbah oil field that supplies the pipeline is owned jointly by Arrow Energy and AGL Energy, and the two are not believed to be keen on owning the pipeline.
Meanwhile, Babcock and Brown is understood to be eyeing wind farm assets that the state government is also due to put on the block in a few weeks' time. However, there are several other parties interested in the wind assets, including TRUEnergy (on its own and jointly with Hydro Tasmania), Origin Energy, Viridis Clean Energy Group, parts of Allco Group, International Power and Conergy. Also likely to bid, but somewhat less interested than the others, are AGL and Transfield Services Infrastructure Fund. The two might bid in partnership and individually.
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