In a deal that will see its electricity generation capacity boosted by 50%, Origin Energy announced it will acquire the Mt Stuart power station in North Queensland from AES for $93 million.
"This project will increase Origin Energy portfolio of power generation and cogeneration projects by almost 50% to 880 megawatts," said Origin's managing director, Grant King.
In a separate deal, investment company Prime Infrastructure and investment banker Babcock & Brown will buy Ecogen's two gas-fired power stations in Victoria from AES for $201.25 million.
The acquisition will be Prime's first since listing in June, after scoring Australia's second biggest coal terminal, the Dalrymple Bay coal terminal near Mackay, as a foundation asset.
