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ARTICLE · 06 NOVEMBER 2013

NSW electricity privatisation - the renewable assets

Corrs Chambers Westgarth
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Origin Energy has acquired the Eraring and Shoalhaven generators over which it had entered into GenTrader agreements.

AustraliaEnergy and Natural Resources
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On 1 August 2013, Origin Energy finally acquired the Eraring and Shoalhaven generators over which it had previously entered into GenTrader agreements.

The renewable assets associated with Eraring Energy, however, were not sold to Origin Energy and were instead transferred to a newly incorporated State-owned corporation called Green State Power Pty Ltd (Green State Power) (see details below). While the sale of the Delta West assets – ie Mt Piper and Wallerang – to its GenTrader in Energy Australia will not be finalised until early September 2013,1 it is highly likely that the hydro-powered assets associated with those generators will not be sold but also transferred to Green State Power.

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