• IMs for sale due out in early September
• CVC DIF another potential bidder

The sale of CK Infrastructure’s standalone power business EDL Energy will kick off in around two weeks, sources said.

One source told NPM the sale will launch in a few weeks, and another said it would launch in September.

CVC DIF is among interested parties considering bidding, NPM understands.

Australian fund manager Igneo Infrastructure Partners and the infrastructure arm of Singapore-based Keppel are also considering bidding, as reported.

Local media has said Stonepeak and EQT were also potential bidders.

Morgan Stanley is advising on the sale, and teasers were circulated in the past month, as reported.

EDL has close to 700 MW of assets in Australia spanning coal mine waste gas-fired power plants, remote energy landfill gas generators and renewable and hybrid renewables projects.

A competitor to EDL is standalone power business Zenith Energy, which KKR acquired from Pacific Equity Partners and OPTrust in March for around AUD 1.7bn.

CVC DIF and Morgan Stanley declined to comment.