$1.2bn Bluewaters power deal moves closer

The administrators of Griffin Energy Group have welcomed key state government regulatory moves designed to clear the way for the sale of Bluewaters power station to Japanese companies Sumitomo Corporation and Kansai Electric Power.

Bluewaters was one of the key assets of Ric Stowe’s Griffin group, which went into administration in January 2010.

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Public Companies - Resources

LabelValue
Fortescue Metals Group$12.61bn
Woodside Petroleum$6.03bn
Atlas Iron$1.10bn
Mount Gibson Iron$906.1m
Iluka Resources$856.3m
Others$27.95bn
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