In the early months of 2013, the wheels were already in motion on the slated sale of giant NSW power producer Macquarie Generation, as an initial marketing campaign in Asia got under way.
Project director for NSW Treasury Kerry Schott and a team from Goldman Sachs led by Nick Forster jetted off to Japan, Korea and China to get potential buyers familiar with the assets. Goldman was already overseeing the sales of Delta West and Eraring, and knew Schott and Tim Spencer , Treasury’s deputy secretary commercial, well.