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Baker & McKenzie Advises On Sale of Delta West Power Stations To Energy Australia.

25 July, 2013

 

Baker & McKenzie has acted for NSW Government on the next round of its power sales program – the $160m sale of Delta Electricity’s Mt Piper and Wallerawang power stations to EnergyAustralia. The deal follows the Government's sale of the Eraring Power Station to Origin Energy earlier this month on which Baker & McKenzie also advised.

 

Baker & McKenzie Australia Chairman and leading energy lawyer, Chris Saxon, led the Baker & McKenzie team with partner Chris Hughes and special counsel Peter Davis. Other Government advisers included Goldman Sachs and KPMG.

 

The state’s remaining assets for sale include NSW’s largest electricity asset, Macquarie Generation, as well as the Delta Coastal power stations and a portfolio of renewable assets to be known as Green State Power, currently operated by Eraring Energy. 

 

The deal is the fourth announced, high profile energy transaction for Baker & McKenzie in Australia this month. In addition to the two deals for NSW Government, the Firm advised Malaysia’s Malakoff Corporation Berhad on its purchase of a 50% equity interest in the $1.2billion Macarthur wind farm from Meridian Energy; and Thailand’s Electricity Generating Public Company on its acquisition of the $350million Boco Rock wind farm from Continental Wind Partners and GE Energy Financial Services.

 

King & Wood Mallensons advised Energy Australia. 

 

For further information, please contact:

 

Jamie Kar, Baker & McKenzie

jamie.kar@bakermckenzie.com

 

 

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