Ecogen Energy Explained

Ecogen Energy is a power station operator in Victoria, Australia, managing two peaking power plants: the natural gas fired Newport Power Station and Jeeralang Power Station.

Initially, Ecogen Energy was a trading name of Generation Victoria and operated gas powered power stations until 1999.^[1] In March 1999, the State Government of Victoria sold the company to AES Corporation subsidiary AES Transpower for $361 million, $350 million allocated for debt reduction and $11 million received by the state.

In December 2002, AES Transpower sold Ecogen Energy to Babcock & Brown and their investment offshoot Prime Infrastructure for $81 million. A 73% stake was sold to Babcock & Brown Power in 2006 for $59 million.^[2] Babcock & Brown Power sold its 73% interest to co-shareholder Industry Funds Management in 2008 for $87 million,^[3] which held the remainder of the shares.^[4]

In 2018,

References

old Ecogen Energy so t

External links

• Ecogen Energy Sale Agreement (26 March 1999)

Notes and References

1. Web site: News Release, Office of the Treasurer: Ecogen Energy sold . 28 March 1999 . robertclark.net . 2010-03-07 . dead . https://web.archive.org/web/20080605232636/http://www.robertclark.net/news/990328stoc.htm . 5 June 2008 .
2. Web site: Big expansion planned for Newport . Rod Myer . 13 November 2006. The Age . theage.com.au . 2010-03-07 .
3. Web site: Babcock & Brown Power sells Ecogen to pay debt . The Australian . theaustralian.com.au . 18 July 2008 . 2010-03-07 .
4. News: IFM Investors to sell Victorian gas-fired power stations . . Angela . Macdonald-Smith . 28 July 2017.