Energy World Corporation has received the first payments from the sale of its interests in the Basin Bridge Power Station with the balance to come shortly.

It was also expecting in June the proceeds from another asset sale - the Barcaldine Power Station. Enertrade has agreed to buy that and the Cheepie to Barcaldine pipeline with proceeds going to retire the CBA debt.

EWC also announced it would execute a loan facility up to $12.1 million with parent group Energy World International (EWI) for working capital and to partially meet the payment obligations to the CBA.