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​Chinese-owned Alinta Energy to acquire Australian power plant for $910 million

( November 23, 2017, 08:14 GMT | Insight) -- Chinese-owned Alinta Energy will acquire the 1,000-megawatt Loy Yang B coal-fired power station in Australia for almost A$1.2 billion ($910 million), according to Reuters and The Australian.Chinese-owned Alinta Energy will acquire the 1,000-megawatt Loy Yang B coal-fired power station in Australia for almost A$1.2 billion ($910 million), according to Reuters and The Australian.  Alinta, owned by Chow Tai Fook in Hong Kong and currently Western Australia's biggest gas retailer, is acquiring the power plant from France's Engie and partner Mitsui & Co. The power plant’s sale was expected to conclude in September, but was reportedly delayed by issues related to Foreign Investment Review Board approval for the bidders....

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