Interest in the sale of Pacific Hydro continues to grow, with major Canadian-based power generator joining the race for the business.

Pacific Hydro is a $2billion-plus company and currently has Origin Energy, AGL Energy and now Canadian TransAlta vying for its purchase.

TransAlta already owns major assets in Australia, including Fortescue River Gas Pipeline and Southern Cross Energy.

The Pacific Hydro portfolio is split between Australia and South America, and assets may be sold in the two regions separately.

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