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Struggling power company fields offers in sell off

Struggling power company Energy World Corporation yesterday said it received offers for its 25% s...

The company added expression of interests had also been lodged for its Gilmore and Eromanga gas assets in Queensland.

Energy World said its finance facilities with the Commonwealth Bank has subsequently been extended until 31 January 2003 to enable offers to be fully evaluated. Energy World owes the CBA more than $80 million.

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