Babcock & Brown Power (BBP) has signed an agreement to sell the assets of Alinta EATM Pty Ltd to Aurora Energy in a bid pay down its debt.
BBP expects to realise proceeds of about $15 million from the sale of Alinta EATM, with the transaction expected to be completed during the first quarter of calendar 2009.
Alinta EATM supplies gas to a range of wholesale energy market participants on the eastern seaboard of Australia.
BBP has been selling assets to retire debt and has previously flagged the divestment of the Kwinana and Neerabup power stations in Western Australia.
