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Gas Week |
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Gas Week |
A quick run over the calculator showed if BBP succeeded in closing draft deals to sell Uranquinty, $159m, and Ecogen interests, (Newport and Jerralang), for $142 million; Tamar for $100m, then, it and now needed maybe $41 million, to keep lenders happy. Kwinana and Neerabup projects were perhaps prospects for sale. In these planned deals UBS was to deal with conflicts of interest, under a new plan from the changed board under leadership of Len Gill.
(Full Article)David Bartlett, Premier of Tasmania, Tuesday, 19 August 2008 told the opening session of Parliament why the State Infrastructure Fund had offered Babcock Brown Power $100 million for two Bell Bay gas plants
(Full Article)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)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.
(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.
(Full Article)