Babcock and Brown unable to pay its debts: begs Tasmania government to buy Tamar gas plant; Government seeks ACCC re-merger-OK

David Bartlett, Premier of Tasmania, told Parliament at the opening session, 19 August 2008, on 19 July State planners had learned that Babcock and Brown was unable to pay its debts on the Tamar project and was not able to find a buyer; and it had offered the plant to the State.

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Tasmania Treasury negotiating team offers $100m for BBP’s $220m Tamar gas turbines; gets Bell Bay back for free, total cost $340 million

The plan was Hydro Tasmania would get the gas turbine site it had sold to BBP back for $30 million cash in 2007 - for free, and would pay $100 million for assets - said were worth $220 million - for the uncompleted Tamar plant.

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Sale of 40 per cent of Australian Energy Market Operator corporation: and NEMMCO closes 9 July 2009, when gas market also under AEMO

The Managing Director/CEO selection began, as it was made clear that 40 per cent of the AEMO was either sold or for sale. The sale of asset allocation process was not described.

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