Alinta Takeover - David Llewellyn, MHA


Minister for Energy, David Llewellyn, expects today’s takeover of Alinta by Babcock and Brown in conjunction with Singapore Power will not have any impact on Alinta’s Tasmanian contracts.
"This is exactly the same scenario as when Duke sold its Australian assets to Alinta including the Tasmanian natural gas pipeline," Mr Llewellyn said.
"In fact this news is very positive for Tasmania since Babcock and Brown is greatly increasing its investment in the State.
"It reinforces their commitment and presence in Tasmania, with these acquisitions building on their original Powerco gas distribution business.
"It demonstrates BNB’s confidence in Tasmania as they will now have a portfolio of gas assets ranging from transmission, to distribution through to power generation," Mr Llewellyn said.