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The company’s board is due to meet on Tuesday to consider the bids.
There have been a number of groups conducting due diligence over Pacific Hydro and its books over the past weeks, with Hastings Funds Management, Babcock and Brown, Macquarie Bank, Mitsui, Kansai Electric Power and Spanish renewable player EHN.
Some analysts played down the demand for the company, with Pacific Hydro easing off share price highs in February of $4.76 to $4.23 amid concerns the stock was fully priced. It has recovered to $4.56 today.
