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.
(Full Article)If the deal goes through a new subsidiary of Aurora Energy would acquire the partly-built Tamar Valley Power Station project on behalf of the State, from Babcock and Brown Power.
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