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Barnett confirms Western Power IPO option

Premier Colin Barnett has confirmed plans for an initial public offering of Western Power are on the table, while the opposition has blamed the privatisation plans for the alleged cancellation of a contract with a major supplier.

Mr Barnett told reporters this morning that the state government was considering either the full or part privatisation of Western Power, with an IPO planned.

“We haven’t made a decision but I expect we will in the next few weeks, and I would hope that both the Liberals and Nationals are aligned on that,” he said.

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Total revenue

3rd-Synergy$3.13bn
4th-Water Corporation$2.72bn
5th-Western Power$1.84bn
6th-Western Australian Treasury Corporation$1.50bn
7th↑Lotterywest$948.7m
32 state government businesses ranked by total revenue - this year

Number of Employees

State Government Businesses

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