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Babcock & Brown Power (BBP), which owns the Glenbrook Power Station, is reviewing some non-binding bids to buy its business amid an ongoing company review of its capital structure.
The energy generation group, which has power and gas assets, said the submissions were only indicative at this point.
BBP has been selling assets to reduce debt and this month announced the divestment of the Kwinana and Neerabup power stations in Western Australia.
It said ebitda was likely to be A$330 million to A$340 million for 2009, down from a previous forecast of A$350 million to A$360 million.
