Babcock & Brown Power

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In brief

Babcock & Brown Power (BBP) is an Australia-based company engaged in power generation business. The Company develops, operates and acquires generation portfolio. As of June 30, 2008, its portfolio had interests in 12 operating power stations representing 3,000 megawatts of installed generation capacity and two power stations under construction. BBP has interests in a number of other associated power assets, including the Western Australia retail assets of Alinta. BBP is a stapled entity comprising Babcock & Brown Power Limited and the Babcock & Brown Power Trust. In February 2008, BBP acquired 100% of BBP Neerabup Power Pty Limited from B&B Australia Infrastructure. On July 4, 2008, the Company sold its 100% interest in the Uranquinty Power Station near Wagga Wagga in southern New South Wales to Origin Energy Ltd. The manager of BBP is Babcock & Brown Power Management Pty Ltd, a subsidiary of Babcock & Brown.