Alinta Energy Ltd says it has received takeover offers as the...

Alinta Energy Ltd says it has received takeover offers as the power station owner attempts to reduce debts.

"Alinta Energy continues to assess deleveraging options for the business, including asset sale and capital management options, with a focus on maximising total enterprise value," the Sydney-based company said in a statement on Wednesday.

"As part of this process, a number of indicative, non-binding, confidential bids have been received."

Alinta said there were bids for both the whole business and parts of the business.

Alinta said it had not decided whether to pursue any of the offers.

The company, formerly known as Babcock & Brown Power, also made a request to its banking syndicate to vary covenants for the period to March 31, 2011.

The covenants would come under pressure and frustrate the deleveraging process under some scenarios, Alinta said.

Alinta said it was not in default of its loan covenants or any other financial obligations.

Alinta also confirmed its full year normalised earnings before interest, tax, depreciation and amortisation guidance of $288 million.

Stapled securities in Alinta gained 0.9 of a cent, or 20 per cent, to 5.4 cents by 1347 AEST.

http://news.theage.com.au/breaking-news-business/alinta-has-received-takeover-offers-20100623-yy0a.html