Alinta Energy

Alinta Energy Pty Ltd
Private company
Industry Energy
Founded 2011, but parts of the business date from 1950s
Headquarters Sydney, Australia[1]
Key people
 Jeff Dimery (CEO)[1]
Products Natural gas and electricity
Number of employees
 700
Website www.alintaenergy.com.au

Alinta Energy is an Australian electricity generating and gas retailing private company that is owned by Hong Kong-based Chow Tai Fook Enterprises (CTFE).[2] Alinta Energy has an owned and contracted generation portfolio of up to 1,957 MW, approximately 800,000 combined electricity and gas retail customers and around 410 employees across Australia and New Zealand.[1]

In March 2011, due to a deleveraging transaction by the TPG Group, Alinta became Alinta Energy.[3] In November 2017, Alinta Energy bought Loy Yang B Power Station in Victoria, Australia from Engie and Mitsui for $1 billion.[4]

In May 2018, Alinta Energy was announced as the principal partner of the Australian Men's cricket team on a four year deal, the longest in Australian Cricket history.[5][6] The Alinta Energy logo will feature on the players' kits for all international matches played in Australia.

Electricity generation

Newman Power Station
Braemar Power Station

Alinta Energy's 1957 MW electricity generation portfolio includes:[7]

In November 2017, Alinta bought Loy Yang B Power Station, Victoria.[4]

Natural gas

Alinta Energy's gas assets portfolio includes:

Downstream electricity and natural gas retail

  • Electricity: 2012 saw Alinta Energy enter the South Australia and Victoria markets for electricity customers.
  • Natural Gas: 700,000 gas customers (Western Australia)

Other assets

Flinders Power, a division of Alinta Energy, in May 2016 permanently closed Playford A Power Station, Playford B Power Station and Northern Power Station[8] and is in the process of demolishing and remediating the sites.[9] The mining operations at Telford Cut Leigh Creek, which supplied coal to these power stations, ceased in 2015.[10]

Alinta Energy is in the process of seeking approval to build the Reeves Plains Power Station, a new gas-turbine power station in South Australia.[11]

References

  1. 1 2 3 "Alinta Energy Shareholders Sign Binding Agreement to Sell Company to Chow Tai Fook Enterprises", 16 March 2017
  2. ↑ "Alinta Energy sold to Hong Kong's Chow Tai Fook Enterprises for $4 billion-plus" by Sarah Thompson, Anthony Macdonald, Joyce Moullakis, The Australian Financial Review, 15 March 2017 (subscription required)
  3. ↑ "TPG Capital Portfolio".
  4. 1 2 La Trobe Valley's Loy Yang B coal-fired power station sold to Chinese-owned company
  5. ↑ "Australia land key signing for summer". cricket.com.au. 23 May 2018. Retrieved 10 October 2018.
  6. ↑ Palmer, Dan (24 May 2018). "Cricket Australia announce Alinta Energy as shirt sponsor". insidethegames.biz. Dunsar Media Company Limited. Retrieved 10 October 2018.
  7. ↑ "Alinta Energy Assets".
  8. ↑ "SA's coal era ends, but what's next?". indaily.com.au. Retrieved 2 February 2017.
  9. ↑ "Augusta Power Stations". Flinders Power. Retrieved 29 July 2017.
  10. ↑ Leanne Nicholson (7 October 2015). "Alinta to close Leigh Creek mine in weeks". Retrieved 7 October 2015.
  11. ↑ "Reeves Plains Power Station Proposal". Alinta Energy. Retrieved 12 November 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.