ELECTRICITY

Oz power industry definitely a buyer's market

With US-based energy companies leaving the Australian power industry with lightened wallets and b...

This article is 22 years old. Images might not display.

On the lookout for distressed companies is Hong Kong-based outfit, Cheung Kong Group, which said at a recent Melbourne conference it was eyeing further power distribution acquisitions in Australia.

Since 1999, the company has spent $6 billion on acquiring Powercor in Victoria and ETSA in South Australia.

Analysts have named Origin Energy and possibly Wesfarmers Energy as other companies on the takeover trail in Australia's energy sector.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

Future of Energy Report: Nuclear Power in Australia 2024

Energy News Bulletin’s new report examines what the energy and resources industry thinks of the idea of a nuclear-powered Australia.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.