Energy: purchase of state-owned electricity generator

Themes: Capacity Development | Environmental Sustainability | Governance | Private Sector Development | Social Development

Guinness Gallagher was engaged by The AES Corporation, a global power company that owns and operates a diverse portfolio of electricity generation and distribution businesses in over 18 countries worldwide, to provide advice on The AES Corporation’s bid for Contact Energy, a state-owned enterprise and cornerstone electricity generation and retail company in New Zealand and the largest thermal generation electricity provider.

Our team of energy and legal/commercial advisors were fielded, together with our specialist indigenous peoples’ advisors to assist The AES Corporation’s Asia Pacific regional team to prepare and submit its bid, including:

  • Undertaking the full bid management process working alongside AES’s regional experts;
  • Developing a detailed asset valuation for the target company; and
  • Assisting in the due diligence process.

As part of The AES Corporation’s bid participation, Guinness Gallagher also provided stakeholder management experts and developed and implemented a stakeholder engagement plan for The AES Corporation with government ministers and officials and with local indigenous groups and landowners with ownership rights in the land underlying the power stations.

The themes and sectors covered by this project were as follows: -

Theme Sub-Theme
Capacity Development - Client relations, network and partnership development
Environmental Sustainability - Eco-efficiency
  - Global and regional trans-boundary environmental issues
  - Urban environmental improvement
Governance - Civil society
Private Sector Development - Private sector investment
  - Privatization
  - Public Private Partnerships
Social Development - Indigenous people
Sector Sub-Sector
Energy - Conventional energy generation
  - Electricity transmission and distribution
  - Energy sector development and institutional reform
  - Energy utility servicers
  - Oil and gas transmission and distribution
Finance - Infrastructure finance and investment funds
Industry and Trade - Large and medium industries
Public Sector Management - Social protection initiatives