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The asset manager has sold a 51% stake in the asset through the listing, although the share price immediately fell upon opening.
The Dalrymple Bay Coal Terminal in Queensland is likely to be valued at significantly more than A$2bn, with public market investors particularly interested in backing a regulated, defensive asset, sources say.
The mechanism will be debated at a meeting of state energy ministers this month, but emissions-reduction component will be absent.
The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.
The power sector could save $16bn a year if it addresses issues such as power theft, high subsidies and massive overstaffing a Bank of America Merrill Lynch study finds.
The Australian fund manager has sold EcogenEnergy, an asset that has generated a 12%-plus return.
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