Jemena

SGSP (Australia) Assets Pty Ltd
Jemena
Private subsidiary
Industry Utility
Predecessor AlintaGas Ltd
Alinta Limited
Founded 1995 (1995)
Headquarters Melbourne, Victoria, Australia
Key people
 Quek Poh Huat, Chairman
Paul Adams, Managing Director
Services Electric power transmission and distribution
Natural gas transmission and distribution
Number of employees
 ~1300
Parent State Grid Corporation of China (60%)
Singapore Power (40%)
Website www.jemena.com.au

SGSP (Australia) Assets Pty Ltd (SGSPAA), trading as Jemena, is an Australian company that owns, manages or operates energy infrastructure assets in the eastern states of Australia including Queensland and New South Wales, and gas pipelines and gas and electricity distribution networks in Victoria.[1] It is 60% owned by State Grid Corporation of China and 40% by Singapore Power.[2]

History

In January 1995, the vertical monopolist energy supplier, the State Energy Commission of Western Australia, was dis-aggregated into separate gas and electricity corporations, leading to the formation of AlintaGas. On 13 July 2000 legislation was passed by the Parliament of Western Australia for the sale of AlintaGas, which listed on the Australian Stock Exchange (ASX) on 17 October 2000. On 8 May 2003 AlintaGas Ltd changed its name to Alinta Limited. Alinta acquired infrastructure assets and the Agility business from AGL through a combination of merger and demerger transactions on 25 October 2006.[3]

Alinta was acquired on 31 August 2007 by a consortium comprising Singapore Power International (SPI), the largest utility company in Singapore, and Australia's second-largest investment bank, Babcock & Brown Infrastructure (BBI) and Babcock & Brown Power (BBP)[4] with a bid of A$13.9 billion, outbidding a bid by Macquarie Bank.[5] After acquisition, the Alinta businesses were split up. The majority of eastern assets were transferred to Alinta LGA, an Alinta subsidiary, which on 4 August 2008 changed its name to Jemena.[6] Later, ownership of Jemena passed to Singapore Power International, and its name was changed to SPI (Australia) Assets Pty Ltd. In 2014, State Grid Corporation of China acquired a 60% stake in Jemena, and the company's name was changed to SGSP (Australia) Assets Pty Ltd (SGSPAA). The company continues to trade as Jemena.

Assets

Jemena's main assets and activities are:

  • An asset management business in the eastern States
  • Colongra gas transmission and storage facility, New South Wales
  • Jemena Gas Networks gas distribution network, New South Wales
  • AquaNet recycled water network, New South Wales
  • ActewAGL gas distribution network, Australian Capital Territory (50%)
  • ActewAGL electricity distribution network, Australian Capital Territory (50%)
  • Jemena Electricity Networks electricity distribution network, Victoria
  • Eastern Gas Pipeline, New South Wales and Victoria
  • VicHub, Victoria
  • Queensland Gas Pipeline

See also

References

  1. ↑ "Alinta.net.au".
  2. ↑ "State Grid Corporation of China to invest in Singapore Power's Australian utility businesses" (PDF) (Press release). Singapore Power. 12 March 2014. Archived from the original (PDF) on 27 January 2014. Retrieved 2014-03-12.
  3. ↑ "Alinta Ltd merger with the Australian Gas Light Company (AGL) - October 2006". Australian Taxation Office. 18 January 2007. Archived from the original on 16 September 2007. Retrieved 31 January 2007.
  4. ↑ "Australia's Alinta recommends US$6b bid by Babcock, Singapore Power". Channel NewsAsia. 30 March 2007.
  5. ↑ "SingPower group in $17b buyout of Aussie firm". The Straits Times. 30 March 2007.
  6. ↑ About Our New Brand, Jemena company
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