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Bakers powers deal for NSW Government

Bakers powers deal for NSW Government

The NSW Government has sold two power stations to EnergyAustralia._x000D_ _x000D_

Firms: Baker & McKenzie (NSW Government); King & Wood Mallesons (Energy Australia); Goldman Sachs and KPMG (NSW Government)

Deal: NSW Government’s $160m sale of Delta Electricity’s Mt Piper and Wallerawang power stations to EnergyAustralia

Area: Energy & Resources

Value: $160 million

Key players: Bakers’ Australia chairman and leading energy lawyer Chris Saxon (pictured) led the Bakers team, with partner Chris Hughes and special counsel Peter Davis

Deal significance: This deal follows the Government’s sale of the Eraring Power Station to Origin Energy earlier this month on which Bakers also advised. The state’s remaining assets for sale include NSW’s largest electricity asset, Macquarie Generation, as well as the Delta Coastal power stations and a portfolio of renewable assets to be known as Green State Power, currently operated by Eraring Energy.

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