Singapore Power Ltd (SP) said that it has entered into a sale and purchase agreement to purchase TXU Australia from TXU Corp of the US for A$5.1 billion (US$1=A$1.36). Victoria-based TXU Australia is one of the largest electricity and gas utilities in Australia. It owns and operates both electricity and gas distribution networks in Victoria…
SINGAPORE: Singapore Power to pay A$5.1 billion for Australian power company
Posted on April 28, 2004 by EnergyAsia