Jemena
Encyclopedia
Jemena is an Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

n energy infrastructure company. It has grown from a small, Western Australia
Western Australia
Western Australia is a state of Australia, occupying the entire western third of the Australian continent. It is bounded by the Indian Ocean to the north and west, the Great Australian Bight and Indian Ocean to the south, the Northern Territory to the north-east and South Australia to the south-east...

 based gas distributor and retailer to the largest energy infrastructure company in Australia. It has become known for its aggressive approach to growth through acquisition and financial engineering. It is owned by one of Asia Pacific's leading utility companies, Singapore Power
Singapore Power
Singapore Power is a company which provides electricity and gas transmission, distribution services, and market support services to more than a million customers in Singapore. It is the only electricity company in Singapore, and is also one of the largest corporations in Singapore...

.

History

It was formed as AlintaGas in January 1995 when the vertical monopolist energy supplier, the State Energy Commission of Western Australia
State Energy Commission of Western Australia
The State Energy Commission of Western Australia was an Australian energy provider. It was established on 1 January 1975 as an amalgamation of the State Electricity Commission of Western Australia plus the Fuel and Power Commission.On 1 January 1995 it was split up into separate gas and...

, was disaggregated into separate gas and electricity corporations. On 13 July 2000 legislation was passed by the Government of Western Australia
Government of Western Australia
The formation of the Government of Western Australia is prescribed in its Constitution, which dates from 1890, although it has been amended many times since then...

 for the sale of AlintaGas which subsequently listed on the Australian Stock Exchange
Australian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....

 (ASX) on 17 October 2000.

On 8 May 2003 AlintaGas Ltd officially changed its name to Alinta Limited
Alinta
Alinta is an Australian energy infrastructure company. It has grown from a small, Western Australia based gas distributor and retailer to the largest energy infrastructure company in Australia. It was bought in 2007 by a consortium including Singapore Power and various now defunct Babcock & Brown...

. The word Alinta is derived from the word for fire in a traditional language of an Aboriginal
Indigenous Australians
Indigenous Australians are the original inhabitants of the Australian continent and nearby islands. The Aboriginal Indigenous Australians migrated from the Indian continent around 75,000 to 100,000 years ago....

 tribe from Victoria.

Alinta
Alinta
Alinta is an Australian energy infrastructure company. It has grown from a small, Western Australia based gas distributor and retailer to the largest energy infrastructure company in Australia. It was bought in 2007 by a consortium including Singapore Power and various now defunct Babcock & Brown...

 acquired infrastructure assets and the Agility business from AGL
Australian Gas Light Company
The Australian Gas Light Company was an Australian gas and electricity retailer. It was formed in Sydney in 1837, and supplied town gas for the first public lighting of a street lamp in Sydney in 1841 AGL was the second company to list on the Australian Stock Exchange. The company gradually...

 through a combination of merger and demerger transactions on 25 October 2006.

The company was eventually acquired on 31 August 2007 by a consortium including Babcock & Brown funds and Singapore Power
Singapore Power
Singapore Power is a company which provides electricity and gas transmission, distribution services, and market support services to more than a million customers in Singapore. It is the only electricity company in Singapore, and is also one of the largest corporations in Singapore...

, the largest utility company in the city-state
City-state
A city-state is an independent or autonomous entity whose territory consists of a city which is not administered as a part of another local government.-Historical city-states:...

. after putting up a bid of A$13.9 billion, beating out a rival bid by Macquarie Bank.

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
Indigenous Australians
Indigenous Australians are the original inhabitants of the Australian continent and nearby islands. The Aboriginal Indigenous Australians migrated from the Indian continent around 75,000 to 100,000 years ago....

word that means "to hear, listen and think".

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 and Western Australia (Jemena Asset Management and Jemena Contracting Services)
  • 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
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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