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Alinta runs eye over SingPower assets

ALINTA Ltd has confirmed that it and fellow Dampier-to-Bunbury Natural Gas Pipeline shareholder D...

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Among the assets Singapore Power acquired from TXU in 2004 are the Western Underground gas storage facility, the Torrens Island Power Station in South Australia and a third of the SEAGas pipeline, which added to its existing SPI PowerNet, the monopoly electricity transmission network in Victoria.

Singapore Power paid $5.1 billion for the TXU suite with $2.9 billion of that comprised of debt.

Alinta said while it was very interested in this portfolio it had not decided to make a formal offer.

Last March, Alinta paid $1.7 billion for the infrastructure assets of Duke Energy, which has left it with a very high debt-equity ratio - in the vicinity of 160%, according to reports.

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