PRIVATISATION - Australia plays power politics with energy assets
Despite opposition, New South Wales premier Morris Iemma has set his sights on privatising the state's power assets to pay for much-needed infrastructure projects. But the global credit crunch seems to have put private equity players out of the purchasing picture, and all eyes have turned to corporate bidders. But a proposed carbon trading scheme clouds the issue further. Lachlan Colquhoun reports.
Power privatisation is an issue that has generated heated debate in several Australian states, yet so far New South Wales (NSW) has remained steadfast in resisting its lure.
The state's dislike of the process was underlined on May 4, when the ruling Labor Party rejected a proposal to privatise
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.