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Energy

'Monster' power reforms to boost growth: Wyatt

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.

Synergy JV in 210MW renewable build

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 finds smooth M&A path

SPECIAL REPORT: Ten years after completing a company-defining acquisition, remote power operator Pacific Energy has struck another similar deal.

Energising options to give farmers power

SPECIAL REPORT: Increasing energy costs and ongoing reliability issues are two major challenges for farmers with moves afoot to provide relief on both fronts.

Cape in $20m of contract wins

CFC Group subsidiary Cape has won three new jobs worth a combined $20 million, focused on gold mining, lithium and electricity infrastructure.

Pacific Energy in $90m acquisition

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.

Step forward for Barossa gas project

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.

Project to protect subsea equipment

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.

Plan for 60 standalone power systems

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.

McGowan to establish LNG jobs taskforce

Technology, maintenance and education will be the key areas of focus for a new state government taskforce targeting job opportunities in the LNG sector.

Woodside, BHP in Scarborough JV

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.

Power reform delayed to appease unions: Nalder

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.

NRW, Tempo secure contracts

Two local contractors have secured more than $70 million of work, with NRW Holdings locking in a $37 million contract at Rio Tinto’s Marandoo mine in the Pilbara.

Green China opportunity for WA

Opportunities will grow in the environmental protection and energy efficiency space for Australian exporters as China looks to go greener, according to Chinese deputy consul general Anlin Sun.

Positive return for Paladin

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.

Origin predicts growth in WA as more entrants come

Sydney-based Origin Energy has signed up close to 5,000 Western Australian retail gas customers since launching in the Perth market in October.

Carnegie JV in $7m solar win

Carnegie Clean Energy’s joint venture with contractor Lendlease has won its second contract in a week, with the partnership to design, construct and operate a $7 million solar project in NSW.

Simply Energy to enter Perth gas market

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.

Zenith up on promising guidance

Shares in remote power provider Zenith Energy were up 7 per cent today as the company announced an unaudited before tax profit of up to $11 million for the first half of the financial year.

Synergy privatisation deal faces rule change risk

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.

AGL secures foothold in domgas market

Sydney-based energy supplier AGL Energy has secured 7,000 customers in Western Australia since its July 2017 local launch, according to the company’s half-yearly report.

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