AGL Energy gets conditional $250m offer from Alinta Energy for Liddell plant

The firm is currently assessing the proposal.

AGL Energy Limited confirms that this morning it received a non-binding, highly conditional indicative offer from Chow Tai Fook Enterprises (CTFE) and Alinta Energy Pty Limited (Alinta) to acquire the Liddell Power Station, associated assets and the related site for cash consideration payable to AGL of $250 million.

AGL is assessing the proposal. No assurance can be given that any transaction will result from the offer. AGL will provide further updates to the market as appropriate.

AGL has not sought to sell the Liddell Power Station, as it requires Liddell to provide energy to its customers until 2022 and for repurposing as part of its NSW Generation Plan post 2022.