Treasurer Ben Wyatt's ambition for increased private participation in the electricity sector remains, despite a slow start, touting it as part of a microeconomic reform program designed to lift productivity.
The state government has today announced that two private investors will co-invest with Synergy in a joint venture that is planning to build up to 210 megawatts of renewable energy projects in the South West Interconnected System.
Pacific Energy has strengthened its position in the remote power market by striking a deal to acquired Kewdale-based Contract Power Group for $90 million in cash and shares, adding to its existing operations through subsidiary Kalgoorlie Power Systems.
Plans to use the Barossa gas field in the Timor Sea as backfill for the Darwin LNG plant received a boost today, with the project getting a tick of approval from the National Offshore Petroleum Safety Authority.
A costly problem that dramatically shortens the life of subsea equipment used offshore of Western Australia is the focus of a collaborative project backed by some of the state’s biggest energy producers.
Batteries and solar panels will be rolled out at 60 locations on the edge of the state’s electricity grid throughout the Wheatbelt and Goldfields as part of a plan to improve reliability and cut capital costs across the Western Power network.
Woodside Petroleum has taken a small step on the potential Scarborough LNG project, signing an agreement with co-owner BHP Billiton to become the operator of any future development and granting the miner an option to increase its share of the project by 10 per cent.
A move that could dramatically reduce power bills for Perth residents is on the backburner, despite a similar process taking place in other parts of the state, so the government can appease unions, according to shadow energy minister Dean Nalder.
Uranium miner Paladin Energy made a positive return to the ASX today following a tumultuous period during which it announced a recapitalisation deal that left shareholders with 2 per cent of the company’s equity.
An east coast energy retailer backed by a French multinational will become the fifth player selling to consumers in the local gas market, after receiving approval by the Economic Regulation Authority today.
Changes to the accounting treatment of leases to be introduced next year could pose problems for the state government’s financial boffins, bringing numerous contracts onto agency balance sheets, including potentially $1.3 billion worth in the case of power generator Synergy.