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Energy

Western Power

ERA orders lower Western Power costs

Matt Mckenzie Matt Mckenzie
21 Sep 2018

An overnight decision by the Economic Regulation Authority will put downward pressure on power prices, with network operator Western Power ordered to further tighten its belt in the next four years.

Synergy

Falling revenue pressure for Synergy

Matt Mckenzie Matt Mckenzie
20 Sep 2018

Electricity retailer Synergy hit an after-tax profit of $24.3 million in the year to June, an improvement of $36 million, aided by about $140 million of state government subsidies, while increased uptake of household solar continues to put pressure on revenue.

Committee for Economic Development of Australia

Softer notes on power competition

Matt Mckenzie Matt Mckenzie
20 Sep 2018

The state government appears to be continuing to back away from plans to introduce increased competition in electricity retailing, with Economics and Industry Committee chair Jessica Shaw saying she’d like to see more evidence it would reduce prices.

Protean Energy

Protean in $3m South Korean investment

Business News Business News
19 Sep 2018

A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.

Chevron

Chevron to browse Clio, Acme options for backfill

Matt Mckenzie Matt Mckenzie
14 Sep 2018

Chevron’s Clio and Acme gas fields could provide backfill supply for an existing LNG plant, most likely North West Shelf Venture’s Karratha facility, under a plan to be unveiled by the company’s Australian managing director Nigel Hearne this afternoon.

APA Group

ACCC approves $13bn APA takeover

AAP AAP
12 Sep 2018

The competition watchdog has approved a Hong Kong consortium's $13 billion takeover bid for APA Group, Australia's biggest gas pipeline company, on the proviso that four major assets in Western Australia are sold to new owners.

Department of Primary Industries and Regional Development

Hydrogen a potential energy option

Matt Mckenzie Matt Mckenzie
06 Sep 2018

The cost of hydrogen production could be competitive enough for Western Australia to become a exporter in the next decade, while use in applications such as remote area power systems is not far away.

Vicinity Centres

Vicinity to spend $20m on WA solar

Tayler Neale Tayler Neale
03 Sep 2018

ASX-listed Vicinity Centres has announced it will invest about $20 million across three Perth shopping centres as part of the second stage of its national solar power project.

Corruption and Crime Commission

Pair charged after Horizon Power probe

AAP AAP
Business News Business News
31 Aug 2018

Two people have been charged following an investigation by the Corruption and Crime Commission into state-owned utility Horizon Power.

RCR Tomlinson

RCR cost blowout, FY18 loss and $100m raising

Tayler Neale Tayler Neale
28 Aug 2018

RCR Tomlinson has revealed the details of a $57 million write-down at one of its solar projects, with the contractor today announcing a $16.1 million loss for the 2018 financial year and a $100 million capital raising to help cover the cost overruns.

Waste-to-energy investment tops $870m

Matt Mckenzie Matt Mckenzie
27 Aug 2018

SPECIAL REPORT: Almost a billion dollars worth of waste-to-energy projects are in the pipeline in WA.

Synergy

$3bn of projects amid market flux

Matt Mckenzie Matt Mckenzie
27 Aug 2018

SPECIAL REPORT: About $3 billion of electricity projects are in the pipeline in WA, but technological change and regulatory pressure are creating investment uncertainty.

Horizon Power

Changes on horizon for Pilbara

Matt Mckenzie Matt Mckenzie
27 Aug 2018

SPECIAL REPORT: Moves to reform the Pilbara’s electricity sector will improve competition and lower prices, proponents claim.

Pacific Energy

Pacific extends MinRes contract to $30m

Business News Business News
21 Aug 2018

Pacific Energy has added a 17-megawatt power station to its recent contract at Mineral Resources' Wodgina lithium project, taking the total contract value to $30 million.

Corruption and Crime Commission

CCC flags corruption by former Horizon Power manager

Tayler Neale Tayler Neale
20 Aug 2018

The Corruption and Crime Commission has released its second damning report in less than a week, calling for criminal charges against a former Horizon Power IT manager, his business partner and his accountant.

Calima Energy

Calima raising $65m for Canada

Matt Mckenzie Matt Mckenzie
17 Aug 2018

Subiaco-based oil and gas junior Calima Energy has raised $25 million through a placement, and aims to pick up a further $40 million through debt to underpin a drilling campaign at its Canadian exploration tenements.

Energy policy a power failure

Tim Treadgold Tim Treadgold
16 Aug 2018

Opinion: WA’s interest and those of other states are poorly aligned in terms of national energy policy, and the same is increasingly the case given US trade tensions with China.

Synergy

Nahan commits to electricity competition

Matt Mckenzie Matt Mckenzie
13 Aug 2018

State opposition leader Mike Nahan has locked in part of his party’s energy policy early in the election cycle, pledging on the weekend to allow competition in retail power markets if his party wins the 2021 election.

Chevron

NEG approved by states, questions remain for WA

Matt Mckenzie Matt Mckenzie
10 Aug 2018

States and territories have signed up to the federal government's proposed National Energy Guarantee today, and it will have a big impact on Western Australian industry despite the state not being part of the National Electricity Market.

Calls for nuclear waste facility in WA

Business News Business News
07 Aug 2018

WA-based Azark Projects is calling on the federal government to review its preference for a nuclear waste storage facility in South Australia, with the George Gear-led company proposing Leonora as a more suitable location.

Zenith Energy

Zenith in $40m debt facility

Business News Business News
06 Aug 2018

Zenith Energy has completed a $40 million issue of subordinated debt notes through FIIG Securities, with the proceeds to be used for refinancing existing debt, capital expenditure and acquisitions.

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