Ecogen Energy is a power station operator in Victoria, Australia. It operates two peaking power plants: the natural gas fired Newport Power Station and Jeeralang Power Station.
Until 1999 Ecogen Energy was a trading name of Generation Victoria, and was the operator of gas powered power stations. [1] The company was sold by the State Government of Victoria in March 1999 to AES Corporation subsidiary AES Transpower for $361 million, $350 million going in debt reduction and the state receiving $11 million.
AES Transpower sold Ecogen Energy in December 2002 to Babcock & Brown and their investment offshoot Prime Infrastructure for $81 million. A 73% stake was sold to Babcock & Brown Power in 2006 for $59 million. [2] Babcock & Brown Power sold its 73% interest to co-shareholder Industry Funds Management in 2008 for $87 million, [3] which held the remainder of the shares. [4] In 2018, Ecogen was sold by IFM Investors to EnergyAustralia for $205 million. [5]