GE Energy, a division of US giant General Electric, is to sell its £500m Baglan Bay gas-fired power station in Port Talbot, South Wales, by the end of the year.

A sale was originally planned last year, but GE Energy stopped the auction for undisclosed reasons despite interest from a Gazprom-E.ON joint venture.

GE Energy is likely to retain Lexicon Partners to run the auction, having appointed the firm to advise on the potential sale last year.

Posted: 03|9|08 at 10:05 am. Filed under: Auction News.