QIC Private Capital to acquire Pacific Energy.

QIC Private Capital, an investment company has agreed to acquire Pacific Energy, Perth-based power station owner. Financial terms were not disclosed. "The proposal delivers a significant premium for shareholders and recognises the position Pacific Energy has built as the leading build-own-operate power supplier to the mining industry and remote townships in Western Australia, as well as the emerging opportunities from our growing east coast presence through Pacific Energy Victorian Hydro and NovaPower." Cliff Lawrenson, Pacific Energy chairman.