EnergyAustralia buys gas-fired power stations from Australia's IFM
SYDNEY, April 2 (Reuters) - EnergyAustralia, a unit of Hong Kong's CLP Holdings, said on Monday its previously announced takeover of power station operator Ecogen Energy from Australian pension fund giant IFM Investors for A$205 million ($157.36 million) is now formally sealed.
Ecogen owns two gas-fired power stations in the southern state of Victoria with a combined capacity of about 1,000 megawatts.
The purchase of Ecogen assets comes as gas prices soar, while state and national leaders brawl over carbon emissions targets and energy policy - factors that have spooked big infrastructure investors. Australia's competition regulator had reviewed the sale and given its permission in December. ($1 = 1.3028 Australian dollars)
(Reporting by Alison Bevege, Editing by Sherry Jacob-Phillips)