AGL rejects Alinta offer for Liddell power station

AGL has knocked back Alinta’s $250 million offer to buy the Liddell coal-fired power station, committing to its plan to shut down the power station in 2022.

The Liddell power station in the Hunter Valley.

AGL said the offer was not in the best interests of either the company or its shareholders.

“The offer significantly undervalues future cash flows to AGL of operating Liddell power station until 2022 and the repurposing of the site thereafter,” AGL said.

Read Cole Latimer’s story from The Age - “AGL rejects Alinta offer for Liddell power station.”