NSW power stations sold to EnergyAustralia The NSW government has completed the first-round sale of its power generators, reaching agreement with China Light and Power's local arm, EnergyAustralia, over the sale of two stations at Lithgow, to the west of Sydney. The Hong Kong-based company is paying $475 million to gain full control of the Wallerawang and Mt Piper power stations. It had earlier agreed to buy all of the output from the power stations, and has now agreed to pay $160 million, with the sale price also including the $315 million paid by the company as a deposit under the earlier output deal. The agreement follows the sale to Origin Energy earlier in the month of the Eraring power station for an all-in price of $659 million. EnergyAustralia has paid $198,000 per megawatt of capacity for the power stations, which is less than the $211,000 paid by Origin. Thursday's deal gives EnergyAustralia control over 2400 megawatts of capacity, which is 100 megawatts more than the output it had access to under the gentrader deal. With Thursday's agreement, the focus now shifts to the sale of the two Macquarie Generation power stations of Liddell and Bayswater in the Hunter Valley, which are likely to be worth about $2 billion. These units will be offered both singly and jointly. The key focus is expected to be the level of interest from AGL Energy and the stance of the Australian Competition and Consumer Commission to any bid lodged by AGL, given the impact any purchase could have on its share of the market. The sale of these power stations is to be finalised during the first quarter of 2014, at the latest. That will then be followed by the sale of the Vales Point and Colongra power stations on the NSW central coast. Thursday's sale, along with the decision not to proceed with the proposed Cobbora coal mine development, will remove significant potential liabilities from the NSW government, Treasurer Mike Baird said. EnergyAustralia said full ownership of the power stations would reduce costs and provide "greater flexibility to review capital and operating expenditure strategies in line with market conditions."