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6 March 2007 - Singapore Power plans to join up with investment bank Babcock & Brown in an A$9 bn (US$7 bn) bid for Alinta, Australia's biggest energy transmission company.

The board of Alinta invited bids in January after receiving a proposal for a management buy-out, led by former chairman John Poynton and chief executive Bob Browning, and aided by Macquarie, Australia's leading investment bank. Other interested parties include Wesfarmers, the Australian bank, which is understood to have teamed up with Goldman Sachs, and Spark Infrastructure, half-owned by Hong Kong's Cheung Kong Infrastructure.

People involved in the process expect a preferred bidder to emerge by the end of the month. Alinta said no binding bids have been received and that there is no certainty that any will be received.

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