AGL Energy to sell small generation assets

AGL Energy says it will make a profit on the sale of its portfolio of small generation and other assets to a consortium led by Whitehelm Capital.

AGL Energy has agreed to sell its small generation and compressed natural gas refuelling assets to a consortium led by Whitehelm Capital.

The company says it will record a profit on the sale of National Assets to Sustainable Energy Infrastructure, which includes 18 small generation operations located throughout Australia.

AGL said National Assets has a carrying value of $74 million and the divestment of the asset is consistent with the company's strategy.