By Yantoultra Ngui

SINGAPORE, July 12 (Reuters) - Global Infrastructure

Partners (GIP) and Stonepeak are among the bidders for Singapore

Power's 40% stake in Jemena in a potential deal that could value

the Australian energy group at over $10 billion, two sources

with knowledge of the matter said.

The infrastructure investors were among the parties that

submitted first-round bids which were due in June, the sources

said, declining to be named as the matter was confidential.

A second round of bids was expected to be held this month or

in August. A deal could be completed by the fourth quarter of

this year if negotiations go well, one of the sources added.

Jemena is the brand name of the asset business of SGSP

(Australia) Assets Pty Ltd.

Singapore Power had hired Goldman Sachs ( GS ) last year

to find a buyer for its 40% stake in Jemena, according to the

sources.

GIP, Stonepeak, Jemena and Goldman Sachs ( GS ) declined to

comment. Singapore Power, an energy utility company wholly owned

by Singapore's state investor Temasek, did not respond to a

request for comment on Friday.

The sale comes as the Asia Pacific sees growing investor

interest in infrastructure assets as the region rapidly

urbanises, energy demand grows and its population becomes

increasingly affluent and digitised.

Jemena owns and operates a diverse portfolio of energy

assets across northern Australia and on the east coast,

according to its website.

In 2022, it owned assets worth A$12.4 billion ($8.39

billion), with sales revenue at A$1.8 billion, according to its

investor presentation slides dated November 2023 shared on its

website.

It added in the slides that it had a total capitalization of

over A$12 billion.

Besides Singapore Power, Jemena is 60% owned by State Grid

Corporation of China, the largest power grid constructor and

operator in the world, the slides showed.

($1 = 1.4780 Australian dollars)