SGSP (Australia) Assets Pty Ltd (SGSPAA), trading as Jemena, is an Australian company that owns, manages or operates
energy infrastructure
Energy development is the field of activities focused on obtaining sources of energy from natural resources. These activities include production of renewable, nuclear, and fossil fuel derived sources of energy, and for the recovery and reuse ...
assets in the eastern states of Australia including Queensland and New South Wales, and gas pipelines and gas and electricity distribution networks in Victoria and the Northern Territory. It is 60% owned by
State Grid Corporation of China
The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world, and as of 2022, the world's third largest company overall by re ...
and 40% by
Singapore Power
Singapore Power Limited, trading as SP Group ( abbreviation: SP) is a government-affliated electricity and gas distribution company in Singapore. Singapore Power Group is the corporatised entity of the former electricity and gas departments of ...
.
History
In January 1995, the
vertical monopolist energy supplier, the
State Energy Commission of Western Australia, was dis-aggregated into separate gas and electricity corporations, leading to the formation of AlintaGas. On 13 July 2000 legislation was passed by the
Parliament of Western Australia
The Parliament of Western Australia is the bicameral legislature of the Australian state of Western Australia, forming the legislative branch of the Government of Western Australia. The parliament consists of a lower house, the Legislative Ass ...
for the sale of AlintaGas, which listed on the
Australian Stock Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...
(ASX) on 17 October 2000. On 8 May 2003 AlintaGas Ltd changed its name to
Alinta Limited. Alinta acquired infrastructure assets and the ''Agility'' business from
AGL through a combination of merger and demerger transactions on 25 October 2006.
Alinta was acquired on 31 August 2007 by a consortium comprising
Singapore Power International (SPI), the largest utility company in
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
, and Australia's second-largest investment bank,
Babcock & Brown Infrastructure (BBI) and
Babcock & Brown Power (BBP) with a bid of A$13.9 billion, outbidding a bid by Macquarie Bank. After acquisition, the Alinta businesses were split up. The majority of eastern assets were transferred to Alinta AGL, an Alinta subsidiary, which on 4 August 2008 changed its name to Jemena. Later, ownership of Jemena passed to Singapore Power International, and its name was changed to SPI (Australia) Assets Pty Ltd. In 2014, State Grid Corporation of China acquired a 60% stake in Jemena, and the company's name was changed to SGSP (Australia) Assets Pty Ltd (SGSPAA). The company continues to trade as Jemena.
Assets
Jemena's main assets and activities are:
* An asset management business in the eastern States
* Colongra gas transmission and storage facility, New South Wales
* Jemena Gas Networks gas distribution network, New South Wales
* ActewAGL gas distribution network, Australian Capital Territory (50%)
* ActewAGL electricity distribution network, Australian Capital Territory (50%)
* Jemena Electricity Networks electricity distribution network, Victoria
*
Eastern Gas Pipeline, New South Wales and Victoria
*
VicHub, Victoria
* Queensland Gas Pipeline
* Northern Gas Pipeline
*Zinfra Pty Ltd, an engineering, construction and maintenance service provider to the utility infrastructure sector. (100%)
See also
*
Western Power
The Western world, also known as the West, primarily refers to the various nations and states in the regions of Europe, North America, and Oceania.
*
Alinta
Alinta was 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 ...
References
{{Reflist
Companies based in Melbourne
Natural gas companies of Australia
Electric power distribution network operators in Australia