SGSP (Australia) Assets Pty Ltd (SGSPAA), trading as Jemena, is an Australian company that owns, manages or operates energy infrastructure 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.

History

In January 1995, the vertical monopolist energy supplier, the

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 (established 1945) plus the Fuel and Power Co ...

, 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 A ...

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 a ...

(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 Babcock & Brown LP was a global investment and advisory firm, established in 1977, based in Sydney, Australia, that went into liquidation in 2009. Babcock & Brown Securities LLC was an active investment banking firm focused on equipment and proj ...

(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%)

References

{{Reflist Companies based in Melbourne Natural gas companies of Australia Electric power distribution network operators in Australia

History

Assets

See also

References