coal

The Dalrymple Bay Coal Terminal in Queensland is likely to be valued at significantly more than A$2bn, with public market investors particularly interested in backing a regulated, defensive asset, sources say.

The mechanism will be debated at a meeting of state energy ministers this month, but emissions-reduction component will be absent.

The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.

The power sector could save $16bn a year if it addresses issues such as power theft, high subsidies and massive overstaffing a Bank of America Merrill Lynch study finds.

The Australian fund manager has sold EcogenEnergy, an asset that has generated a 12%-plus return.