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Colin Barnett says privatising Western Power will take $8bn of debt off the state's books. Photo: Attila Csaszar

Western Power float to raise $3bn

The Barnett government is hoping to raise $3 billion by selling 51 per cent of Western Power to Australian investors, and will also use the privatisation deal to remove about $8 billion of debt off the state’s books.

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Total revenue

3rd-Water Corporation$2.61bn
4th-GESB$2.14bn
5th-Western Power$1.72bn
6th-Western Australian Treasury Corporation$1.57bn
7th-Lotterywest$907.5m
29 state government businesses ranked by total revenue - this year

Number of Employees

State Government Businesses

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