$1.97bn Irish power business up for sale

    The Irish state owned power business, Bord Gais Energy, is up for sale with several UK-based utilities expected to bid.

    The retail, assets and trading business Bord Gais Energy, expected to cost around $1.97bn.
    Bord Gais
    Centrica, the owner of British Gas, has confirmed it is interested in the utility, which has around one million gas and electricity customers and power generation assets of 683 MW.

    SSE has previously expressed an interest and E.ON, EDF (Euronext:à‚ EDF) and GDF are also considered likely bidders, according to Utility Week.

    The sale is due to be completed by the end of 2013.

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