Jemena
| Jemena | |
| Private subsidiary | |
| Industry | Utility |
| Predecessor |
AlintaGas Ltd Alinta Limited |
| Founded | 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 Singapore Power |
| Website |
www |
Jemena is an Australian energy infrastructure company. Jemena is a trading name of SGSP (Australia) Assets Pty Ltd (SGSPAA), jointly owned by State Grid Corporation of China and Singapore Power.[1]
History
Jemena was formed as AlintaGas in January 1995 when the vertical monopolist energy supplier, the State Energy Commission of Western Australia, was disaggregated into separate gas and electricity corporations. On 13 July 2000 legislation was passed by the Government of Western Australia for the sale of AlintaGas which subsequently listed on the Australian Stock Exchange (ASX) on 17 October 2000.
On 8 May 2003 AlintaGas Ltd officially changed its name to Alinta Limited. The word alinta is derived from the word for fire in a traditional language of an Aboriginal tribe from Victoria.
Alinta acquired infrastructure assets and the Agility business from AGL through a combination of merger and demerger transactions on 25 October 2006.[2]
The company was eventually acquired on 31 August 2007 by a consortium including Babcock & Brown funds and Singapore Power, the largest utility company in the city-state.[3] after putting up a bid of A$13.9 billion, beating out a rival bid by Macquarie Bank.[4] After acquisition, the Alinta businesses were split up. The majority of eastern assets were owned by an Alinta subsidiary which on 4 August 2008 changed name to Jemena, an Aboriginal word that means "to hear, listen and think".[5] Later the company was wholly transferred to Singapore Power and its name was changed to SPI (Australia) Assets Pty Ltd.
In 2014 it was announced that State Grid Corporation of China had acquired a 60% stake in the utility, changing the parent company's name to SGSP (Australia) Assets Pty Ltd (SGSPAA).
Alinta Limited is now known as Westnet Infrastructure Group Limited.
Assets
Jemena's main assets and activities are:
- An asset management business in the Eastern States
- Queensland Gas Pipeline
- Eastern Gas Pipeline, NSW and Victoria
- VicHub, Victoria
- Colongra gas transmission and storage facility, NSW
- Jemena Gas Networks gas distribution network, NSW
- ActewAGL gas distribution network, ACT (50%)
- ActewAGL electricity distribution network, ACT (50%)
- United Energy Distribution, Victoria (electricity distribution) (34%)
- Jemena Electricity Networks electricity distribution network, Victoria
- AquaNet recycled water network, NSW
See also
References
- ↑ "State Grid Corporation of China to invest in Singapore Power's Australian utility businesses" (PDF) (Press release). Singapore Power. 12 March 2014. Retrieved 2014-03-12.
- ↑ "Alinta Ltd merger with the Australian Gas Light Company (AGL) - October 2006". Australian Taxation Office. 18 January 2007. Retrieved 2007-01-31.
- ↑ "Australia's Alinta recommends US$6b bid by Babcock, Singapore Power". Channel NewsAsia. 30 March 2007.
- ↑ "SingPower group in $17b buyout of Aussie firm". The Straits Times. 30 March 2007.
- ↑ About Our New Brand, Jemena company