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Second round of electricity sales halted

A second round of sales designed to move NSW electricity assets into private hands has been halted at the behest of senior Labor ministers.

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Source: AAP


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A second round of sales designed to move NSW state-owned electricity assets into private hands has reportedly been halted at the behest of senior Labor ministers.

Treasurer Eric Roozendaal was planning a $2 billion sale of trading rights of the Delta Coastal and Macquarie Generation generators.

But the move has been blocked by senior Labor ministers and the party's head office, News Ltd reported on Thursday.

It said senior government sources had confirmed the second round of sales would not proceed.

NSW Premier Kristina Keneally was quoted as saying: "I cannot give a guarantee that the evaluation of the second tranche will be concluded before the election."

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It follows the sale to private companies of three previously NSW-owned electricity retailers and the right to trade the output of two generating companies.

The first round of sales have been heavily criticised by the state opposition for not gaining full value for money and are now the subject of an upper house inquiry.


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