China Light & Power - proposed acquisition of the Australian non-regulated energy assets of Singapore Power

Summary

China Light & Power proposed to acquire the Australian non-regulated energy assets of Singapore Power.

The assets being sold or assigned by Singapore Power include the TXU retail business, a long-term lease over the Torrens Island Power Stations in South Australia, a one-third interest in the SEAGas pipeline, the Western Underground Gas Storage facility located near Port Campbell, and the long-term Master Hedge Agreement with Ecogen Energy which enables hedges to be placed with Ecogen Energy for electricity supply from the Ecogen portfolio (Newport Power Station and the Jeeralang power stations) in Victoria.

China Light & Power's existing assets in Australia include Yallourn power station and AusPower, the electricity retail business of Yallourn Energy.

Market definition

See Public Competition Assessment below for market definition.

Competition analysis

See Public Competition Assessment below for competition analysis.

Merger type

Horizontal, Vertical

Initiation

Parties

Public competition assessment

Public competition assessment ( PDF 70.95 KB )

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