AAP General News (Australia)
02-01-2011
NSW:Second NSW power privatisation fails
New South Wales Treasurer ERIC ROOZENDAAL has confirmed that the state government's
effort to sell a second tranche of electricity assets has failed.
No bids were received for the rights to trade output from Macquarie Generation and
Delta Electricity power stations by yesterday's deadline.
Mr ROOZENDAAL has told ABC radio there was interest from investors .. but they didn't
bid because of uncertainty caused by Opposition leader BARRY O'FARRELL's threats about
retrospective legislation and further privatisation.
The state government had hoped to raise two billion dollars from the sale.
AAP RTV wjf/jmt
KEYWORD: ELECTRICITY FAIL (SYDNEY)
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