NSW electricity privatisation - The renewable assets

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6 September 2013

Introduction

On 1 August 2013, Origin Energy finally acquired the Eraring and Shoalhaven generators over which it had previously entered into GenTrader agreements. The renewable assets associated with Eraring Energy, however, were not sold to Origin Energy and were instead transferred to a newly incorporated State-owned corporation called Green State Power Pty Ltd (Green State Power). While the sale of the Delta West assets – i.e. Mt Piper and Wallerang – to its GenTrader in Energy Australia will not be finalised until early September 2013, it is highly likely that the hydro-powered assets associated with those generators will not be sold but also transferred to Green State Power.

This approach, however, may not be currently planned for MacGen. While not expressly stated in its Request for Expressions of Interest, it appears MacGen’s renewables may be sold alongside its coal generators.

The sale of Green State Power will either follow the sale of MacGen or Eraring’s Delta Coast generators.


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