Power station receiver

KordaMentha has been appointed receiver to Redbank Project, the owner and operator of the Redbank Power Station near Singleton in NSW's Hunter Valley. The appointment would not affect the operation of the station, previously owned by financier Babcock & Brown Power, KordaMentha said. There would be no impact on employees, it added.

By InvestSMART · 8 Oct 2013

By InvestSMART ·
8 Oct 2013

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Frequently Asked Questions about this Article…

Who has been appointed receiver to the Redbank Project?

KordaMentha has been appointed receiver to the Redbank Project, the owner and operator of the Redbank Power Station.

What is the Redbank Power Station and where is it located?

The Redbank Power Station is a power-generation facility near Singleton in New South Wales’ Hunter Valley, operated by the Redbank Project.

Will the receiver appointment affect the operation of Redbank Power Station?

No — according to KordaMentha, the appointment of a receiver would not affect the operation of the Redbank Power Station.

Will the receiver appointment have any impact on employees at the Redbank Power Station?

No — KordaMentha said there would be no impact on employees as a result of the receiver appointment.

Who previously owned the Redbank Power Station?

The Redbank Power Station was previously owned by financier Babcock & Brown Power.

Who announced the receiver appointment for the Redbank Project?

KordaMentha announced the appointment, stating the receiver role and the expected lack of disruption to operations and staff.

Does the article provide reasons or financial details behind the receiver appointment?

No — the article reports the appointment and its immediate operational and staffing impacts, but it does not provide reasons, financial details or background beyond noting prior ownership by Babcock & Brown Power.

Where can investors find further updates about the Redbank Project receiver appointment?

The article itself does not provide further updates; investors should monitor official announcements from KordaMentha and the Redbank Project for any additional information.