SYDNEY (Reuters) - Australia's competition regulator said on Friday it will review the proposed sale of electricity generator Ecogen Energy by fund manager IFM to EnergyAustralia, a unit of Hong Kong's CLP Holdings Ltd <0002.HK>.
Ecogen, which runs two gas-fired power plants with a combined capacity of about 1,000 megawatts, could be worth A$1.5 billion ($1.2 billion), based on a replacement cost of A$1.5 million per megawatt, a Melbourne-based analyst, who declined to be identified, previously told Reuters.
IFM put the plants up for sale in July. The Australian Competition and Consumer Commission said it aims to publish its findings on Jan. 25.
(Reporting by Tom Westbrook)
