Scoop has an Ethical Paywall
Sale of 40% Interest in Valley Power Completed
17 October 2005
FOR IMMEDIATE RELEASE
Contact
Energy - Sale of 40% Interest in Valley Power
Completed
Contact Energy Limited confirmed today the completion of the sale of its interest in the Valley Power Peaker Station in Victoria, Australia, to Snowy Hydro Limited, an Australian generator and retailer of electricity.
Contact announced the sale of its 40% interest in Valley Power to Snowy Hydro in conjunction with the co-owner of Valley Power, International Power and Mitsui & Co Limited, in late August.
“Contact is pleased to complete the sale. The sale is consistent with Contact’s decision to focus on its opportunities in the New Zealand market,” said Contact’s Chief Executive, David Hunt.
ENDS
Advertisement - scroll to continue reading
Financial Markets Authority: Westpac Admits To Misleading Representations That Resulted In $6.35m In Overcharges
Bill Bennett: Download Weekly - Review Of 2024
Bill Bennett: One NZ scores worldwide first as Starlink direct-to-mobile launches
Hugh Grant: How To Reduce Network Bottlenecks
Dominion Road Business Association: Auckland Transport's 'Bus To The Mall' Campaign: A Misuse Of Public Funds And A Blow To Local Businesses
Parrot Analytics: A Very Parrot Analytics Christmas, 2024 Edition
