The company has joined with Chinese power company China Three Gorges New Energy Corporation in a bid for the Stockyard Hill project owned by Origin Energy in Victoria state, an industry source confirms.

The planned sale is estimated to be worth A$900m ($926m), according to a Wall Street Journal report.

Origin, Australia’s largest electricity retailer, declined to discuss the report, saying only that it has been evaluating options for the project since earlier this year.

“These