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LOY YANG POWER SALE DEAL EXTENDED IN AUSTRALIA.
MELBOURNE, Jan 1 Asia Pulse - Under an extension granted yesterday, the Australian Gas Light Company (ASX:AGL) consortium will have until February 4 to complete its proposed .5 ($US2.61) billion Loy Yang Power sale deal.
Under an in-principle agreement, the extension is expected to be finalised on January 5 with the approval of Loy Yang Power's senior lenders.
The in-principle agreement follows the Federal Court's decision on December 19 allowing AGL to maintain a 35 per cent stake in the Great Energy Alliance Consortium (GEAC) and allowing its bid to acquire the Loy Yang A Power station and mine in Victoria's La Trobe Valley.
The court found AGL's involvement in the acquisition was not in breach of the Trade Practices Act, over-ruling Australian Competition and Consumer Commission opposition to the deal.
The consumer watchdog has until the end of January to decide whether it will appeal the court's findings.
Meanwhile, Loy Yang Power is under financial pressure to complete the sale by February 12 when a $A500 billion ($US373.5 billion) bullet payment on ...
- AUSTRALIA'S LOY YANG POWER STATION POSTS AN H1 LOSS OF US$9.3 MLN.
- News wire article from: AsiaPulse News March 5, 2001 700+ words
...HRZ), one of the owners of the Loy Yang power station situated in the Australian...resulted in a revenue loss to Loy Yang Power of about A$20 million (US...In the absence of that event, Loy Yang Power would have recorded a profit for...
- AUSTRALIA'S AGL CONFIDENT OF BUYING LOY YANG POWER STATION.
- News wire article from: AsiaPulse News November 11, 2003 700+ words
...to its purchase of Victoria's Loy Yang power station before Christmas, the...exclusive agreement to purchase Loy Yang Power for A$3.5 billion (US$2...today Loy Yang's owners, the Loy Yang Power partnership, said it had received...
- AUSTRALIAN GAS LIGHT TO PURSUE STAKE IN LOY YANG POWER STATION.
- News wire article from: AsiaPulse News June 13, 2003 700+ words
...Origin's involvement in an acquisition of Loy Yang," Prof Fels said. "However, it is certainly...Horizon saying today the financial position of Loy Yang remained uncertain. "The Loy Yang Power partnership is seeking a further extension to...
- LOY YANG POWER TO INVESTIGATE DEBT REFINANCING.
- News wire article from: AsiaPulse News August 4, 2005 700+ words
...mine and power station operator Loy Yang Power to investigate debt refinancing...executive Ian Nethercote said Loy Yang Power had appointed investment bank...additional value to the owners of Loy Yang Power," Mr Nethercote said. Loy Yang...
- AUSTRALIA'S LOY YANG POWER PLANT BOOKS SHARP FALL IN REVENUE.
- News wire article from: AsiaPulse News February 10, 2004 700+ words
...Pulse - Revenue from Victoria's Loy Yang Power generator plunged more than 25...in the 2002 December quarter. Loy Yang Power's 25 per cent Australian partner...managing director Ian Kay said the Loy Yang Power partners were confident of getting...
- Now state regulations get in the way of AGL's bid for Loy Yang Power.
- News wire article from: Australasian Business Intelligence June 17, 2003 700+ words
...the electric power generator, Loy Yang Power. The Australian energy company, AGL, wants to buy 35 of Loy Yang Power, but has hit regulatory and competition...Publication Date: 18 June 2003 LOY YANG POWER MANAGEMENT PTY LTD: AUSTRALIAN...
- LOY YANG POWER SIGNS UP FOR CARBON CAPTURE STUDY.
- News wire article from: AsiaPulse News February 28, 2008 700+ words
...statement. Contact details below.) Loy Yang Power Signs with EESTech Inc. for Carbon...Medianet International-AsiaNet/ - Loy Yang Power, which operates a 2200 MW brown...reduces the cost of C02 capture. Loy Yang Power Chief Executive Ian Nethercote...
- Loy Yang Power Signs with EESTech Inc. for Carbon Capture Study.
- Press release article from: PR Newswire February 27, 2008 700+ words
...PRNewswire-FirstCall/ -- Loy Yang Power, which operates a 2200 MW brown...reduces the cost of C02 capture. Loy Yang Power Chief Executive Ian Nethercote...said would further complement Loy Yang Power's commitment to brown coal research...
