Wanna buy a dam?

Picture Matt Newton, http://www.matthewnewton.com.au/#/Commercial/People/1/

Wanna buy a dam? Well, sorry, you might just have to wait.

Hydro Tasmania is not yet selling its hydro power generating assets but negotiations are almost complete on selling it’s second wind power asset to China’s Guohua Energy.

Gouhua has a man here and a former Roaring 40s China expert has been recalled by Hydro to nut out the finer details of the sale about to be inked.

Gouhua bought 75% of the Tasmanian taxpayers’ Woolnorth wind farm in December last year and as part of that deal had a six-month exclusive first dibs on offering to buy the $400 million Musselroe wind farm.

The deal will soon be done, subject the foreign investment review board.

The joint venture carve up last year of Hydro Tasmania’s Roaring 40s and TRUenergy, part of Hong Kong’s largest utility CLP Holding, meant Hydro got to keep Woolnorth and Musselroe.

So perhaps as a result of the carve up the privatisation of these wind assets is distinct and quarantined from any thought of selling other power generating assets.

Is it?