DOCSLIB.ORG

Download Stanwell's 2018/19 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Download Stanwell's 2018/19 Annual Report Together we create energy solutions Annual Report 2018/19 PB Stanwell Annual Report 2018/19 Page subject Page subject Stanwell Annual Report 2018/19 I Cover: Jodi Liddell, Environmental Advisor and Shane Lubbe, Environmental Advisor, Stanwell Power Station. Above: Tarong power stations. II Stanwell Annual Report 2018/19 Page subject Page subject Stanwell Annual Report 2018/19 1 Table of contents About this report ......................................................1 Our 2018/19 performance ...................................20 Our performance ......................................................2 Innovative energy products ...........................22 About Stanwell .........................................................4 Flexible and competitive portfolio .................24 Our story ....................................................................5 Back a low carbon future ................................28 Our achievements ....................................................6 Enablers ............................................................30 How the electricity market works ......................... 8 Corporate governance ...........................................34 Our assets .................................................................9 Financial results .....................................................43 Chairman’s statement .........................................10 Directors’ report ...............................................44 Chief Executive Officer’s review ...........................12 Auditor’s independence declaration .............52 The Energy Charter ................................................14 Financial statements ......................................53 Performance indicators ........................................15 Notes to the financial statements ...............57 Strategic direction ..................................................16 Directors’ declaration ....................................112 Our five year plan ...................................................18 Independent auditor’s report .......................113 About this report This report provides an overview of the major initiatives and achievements of Stanwell Corporation Limited (Stanwell), as well as the business’ financial and non-financial performance for the year ended 30 June 2019. Each year, we document the nature and scope of our strategy, objectives and actions in our Statement of Corporate Intent, which represents our performance agreement with our shareholding Ministers. Our performance against our 2018/19 Statement of Corporate Intent is summarised on pages 22 to 32. Electronic versions of this and previous years’ annual reports are available online at www.stanwell.com II Stanwell Annual Report 2018/19 Page subject Page subject Stanwell Annual Report 2018/19 1 Our performance In 2018 we We provided a Our plant operated We invested successfully at a world class $126.3 million in our implemented secure reliability standard of power stations to a standardised ensure we operated as safe work supply 97.3% efficiently of electricity for during the peak demand system Queenslanders, and reliably period (January to at all of our sites, as possible. delivering more than March 2019). providing consistent, 19,200 GWh of electricity. robust safety processes This was 33 per cent of to keep our people safe. Queensland’s total energy demand in 2018/19. Shane Lubbe, Environmental Advisor, Stanwell Power Station. 2 Stanwell Annual Report 2018/19 HowOur performance the electricity market works Our assets Stanwell Annual Report 2018/19 3 Our Made significant Gained diversified progress on 85% flexible and White Ribbon revenue of our electricity accreditation, revenue came from streams low load recognising the contracts. provided additional operations initiatives we have put significant dividends across our portfolio. in place in relation to to Queenslanders. domestic and family Coal rebate revenue, the violence prevention. Coronado transaction and gas sales accounted for approximately 49 per cent of Stanwell’s total Net Profit After Tax. 2 Stanwell Annual Report 2018/19 How the electricity market works Our performanceOur assets Stanwell Annual Report 2018/19 3 About Stanwell Our vision Our values Together we create energy solutions At Stanwell, we are: means we strive to: • Safe – Everyone is a safety leader. We seek to achieve • work with our customers, shareholders, business Zero Harm Today. partners and regulators, finding new ways to meet their • Responsible – We are reliable, we are accountable for our changing needs; actions, we make a positive contribution to our community • make the complex simple; and we are here for the long-term. • think differently and actively pursue opportunities for our • Commercial – Every one of us contributes to Stanwell’s customers, the energy market and our business; and financial stability and performance through our decisions and actions. • identify and harness opportunities to enhance the value of our business. Meandu Creek Dam. CleanCo Queensland In 2018, the Queensland Government announced Once CleanCo has built the capability to operate and support the power stations, the employees who work at each its plan to create CleanCo Queensland, a third asset will transfer to CleanCo and the Transitional Services Government-owned energy generator. Agreement will end. In the meantime, Stanwell is working with the Queensland Government and CleanCo to ensure CleanCo Queensland (CleanCo) will initially own a foundation the smooth transition of assets, ongoing engagement of our portfolio of existing assets, including a number of assets people and the safe and efficient operation of those assets currently owned by Stanwell – Swanbank E, Barron Gorge, throughout the transition period. Kareeya and Koombooloomba power stations. Stanwell is also engaging with the Queensland Government These physical assets will be transferred to CleanCo on in relation to the complementary role our business will play 31 October 2019, at which time Stanwell will begin delivering in the State’s renewable energy future. Our priorities include operations, maintenance and corporate support services to identifying opportunities for diversification and strengthening CleanCo under a Transitional Services Agreement. of generation capacity, investments and performance. 4 Stanwell Annual Report 2018/19 PageAbout subject Stanwell Page subject Stanwell Annual Report 2018/19 5 We make sure Queenslanders have a secure supply of electricity. Throughout the 2018/19 summer, our power Our story stations played a major role in keeping the lights on when the market was dealing with record electricity demand. We have We are a diversified energy business. proven ourselves to be one of Australia’s most reliable energy Our revenue comes from a variety of sources. We generate providers, with our assets achieving 97.3 per cent availability electricity, we have an electricity retail business and we trade during the peak demand period (January to March 2019). gas and coal. We also provide services to the electricity market to deliver secure and reliable energy. We consider our impact on the environment, as well as the need to keep energy affordable, in the Having a variety of revenue sources allows us to achieve decisions we make, every day. Several state and federal the best possible returns for our owners, the people regulations outline how the energy industry should perform. of Queensland. Gas sales, coal rebate revenue, and a However, simply complying with regulations is not enough transaction with Coronado Coal accounted for approximately for us. We are committed to operating beyond compliance 49 per cent of Stanwell’s total Net Profit After Tax in 2018/19. requirements by considering the social, environmental and We have a responsibility to produce and deliver commercial implications of everything we do, and balancing energy for Queensland that’s reliable, affordable and those elements in every decision we make. sustainable and this is clearly demonstrated through our We make a difference in the communities in which business performance. we operate. At Stanwell, we understand that our ability to We are helping to keep Queensland electricity affordable. generate electricity is, in large part, dependent on the support In 2018/19, Queensland’s contract and spot market electricity of the communities in which we operate, so we work directly prices were, on average, the lowest and most stable in the with community leaders to help them achieve the priorities National Electricity Market. In 2018/19 our portfolio delivered which are most important to their regions. This year, we more than 19,200 GWh of electricity, increasing supply invested more than $289,000 to support a variety of initiatives to the market and helping to put downward pressure on which will deliver long-term value to our host communities. wholesale electricity prices. We have also worked closely In addition, as at 30 June 2019, we employed 697 (full time with our customers to provide them with competitively equivalent) people at our sites and offices, the majority of priced contracts which protect them from price volatility in whom are located throughout regional Queensland. Through the market. We have carefully managed our costs so that our business partners we also indirectly employ hundreds of our business is sustainable into the future – allowing us to contractors who live in our local communities. continue to deliver solutions which will meet the evolving
Load more

Recommended publications
  • Queensland Public Boat Ramps
    Queensland public boat ramps Ramp Location Ramp Location Atherton shire Brisbane city (cont.) Tinaroo (Church Street) Tinaroo Falls Dam Shorncliffe (Jetty Street) Cabbage Tree Creek Boat Harbour—north bank Balonne shire Shorncliffe (Sinbad Street) Cabbage Tree Creek Boat Harbour—north bank St George (Bowen Street) Jack Taylor Weir Shorncliffe (Yundah Street) Cabbage Tree Creek Boat Harbour—north bank Banana shire Wynnum (Glenora Street) Wynnum Creek—north bank Baralaba Weir Dawson River Broadsound shire Callide Dam Biloela—Calvale Road (lower ramp) Carmilla Beach (Carmilla Creek Road) Carmilla Creek—south bank, mouth of creek Callide Dam Biloela—Calvale Road (upper ramp) Clairview Beach (Colonial Drive) Clairview Beach Moura Dawson River—8 km west of Moura St Lawrence (Howards Road– Waverley Creek) Bund Creek—north bank Lake Victoria Callide Creek Bundaberg city Theodore Dawson River Bundaberg (Kirby’s Wall) Burnett River—south bank (5 km east of Bundaberg) Beaudesert shire Bundaberg (Queen Street) Burnett River—north bank (downstream) Logan River (Henderson Street– Henderson Reserve) Logan Reserve Bundaberg (Queen Street) Burnett River—north bank (upstream) Biggenden shire Burdekin shire Paradise Dam–Main Dam 500 m upstream from visitors centre Barramundi Creek (Morris Creek Road) via Hodel Road Boonah shire Cromarty Creek (Boat Ramp Road) via Giru (off the Haughton River) Groper Creek settlement Maroon Dam HG Slatter Park (Hinkson Esplanade) downstream from jetty Moogerah Dam AG Muller Park Groper Creek settlement Bowen shire (Hinkson
    [Show full text]
  • Stewart and Sunwater; Stanwell (Third Party)
    Decision and Reasons for Decision Application Number: 310775 and 311208 Applicant: Stewart Respondent: SunWater Limited Third Party: Stanwell Corporation Limited Decision Date: 21 December 2012 Catchwords: ADMINISTRATIVE LAW – RIGHT TO INFORMATION – REFUSAL OF ACCESS – QUESTION OF JURISDICTION – application for documents created prior to 1 July 2009 relating to operation of Tinaroo Dam – whether disclosure of information was captured by section 11A of the repealed Freedom of Information Act 1992 (Qld) – whether disclosure of information is captured by the definitions in section 11 and schedule 1, section 14 of the Right to Information Act 2009 (Qld) ADMINISTRATIVE LAW – RIGHT TO INFORMATION – QUEENSLAND – JURISDICTION – application for information relating to operation of Tinaroo Dam – whether requested documents are ‘documents of an agency’ – section 12 of the Right to Information Act 2009 (Qld) ADMINISTRATIVE LAW – RIGHT TO INFORMATION – REFUSAL OF ACCESS – EXEMPT INFORMATION – application for information relating to operation of Tinaroo Dam – whether disclosure could reasonably be expected to found an action for breach of confidence – sections 47(3)(a) and 48 and schedule 3, section 8 of the Right to Information Act 2009 (Qld) ADMINISTRATIVE LAW – RIGHT TO INFORMATION – REFUSAL OF ACCESS – CONTRARY TO PUBLIC INTEREST INFORMATION – application for information relating to operation of Tinaroo Dam – whether disclosure of information would, on balance, be contrary to the public interest – sections 47(3)(b) and 49 of the Right to Information
    [Show full text]
  • Energy 2020 (Report 11: 2020–21)
    FINANCIAL AUDIT REPORT 4 February 2021 Energy 2020 Report 11: 2020–21 • Queensland • • Audit Office Better public services As the independent auditor of the Queensland public sector, including local governments, the Queensland Audit Office: • provides professional audit services, which include our audit opinions on the accuracy and reliability of the financial statements of public sector entities • provides entities with insights on their financial performance, risk, and internal controls; and on the efficiency, effectiveness, and economy of public service delivery • produces reports to parliament on the results of our audit work, and on our insights, advice, and recommendations for improvement • conducts investigations into claims of financial waste and mismanagement raised by elected members, state and local government employees, and the public • shares wider learnings and best practice from our work with state and local government entities, our professional networks, industry, and peers. We conduct all our audits and reports to parliament under the Auditor-General Act 2009 (the Act). Our work complies with the Auditor-General Auditing Standards and the Australian standards relevant to assurance engagements. • Financial audit reports summarise the results of our audits of over 400 state and local government entities. • Performance audit reports cover our evaluation of some, or all, of the entities’ efficiency, effectiveness, and economy in providing public services. Depending on the level of assurance we can provide, these reports may also take the form of: • Audit insights, which provide some evaluation and share our insights or learnings from our audit work across government • Audit briefs, which set out key facts, involve some evaluation, and may include findings and recommendations • Audit overviews, which help clients and stakeholders understand complex issues and subjects.
    [Show full text]
  • Annual Report 2019/20
    Together we create energy solutions Annual Report 2019/20 1 Table of contents About this report 3 Chief Executive Officer’s review 13 Our performance 4 Performance indicators 18 About Stanwell 5 Strategic direction 20 Our vision 5 Our five-year plan 22 Our values 5 Our 2019/20 performance 24 Our assets 8 Corporate governance 34 Chair’s statement 10 Financial results 46 2 About this report This report provides an overview of the major initiatives and achievements of Stanwell Corporation Limited (Stanwell), as well as the business’s financial and non-financial performance for the year ended 30 June 2020. Each year, we document the nature and scope of our strategy, objectives and actions in our Statement of Corporate Intent, which represents our performance agreement with our shareholding Ministers. Our performance against our 2019/20 Statement of Corporate Intent is summarised on pages 24 to 33. Electronic versions of this and previous years’ annual reports are available online at www.stanwell.com 3 Our performance • Despite a challenging year due to the • We received Australian Renewable Energy combination of an over-supplied energy market, Agency (ARENA) funding to assess the feasibility regulatory upheaval, the COVID-19 pandemic, of a renewable hydrogen demonstration plant at bushfires and widespread drought, our people Stanwell Power Station. responded to these challenges, and remained safe, while playing a critical role in keeping the • We achieved gold status from Workplace lights on for Queenslanders. Health and Safety Queensland in recognition of the longevity and success of our health and • We are one of the most reliable energy providers wellbeing initiatives.
    [Show full text]
  • Capital Statement Budget Paper No.3 3 Budget.Qld.Gov.Au Queensland Budget 2021–22 Budget Queensland Capital Statement Budget Paper No
    Queensland Budget Budget Queensland QUEENSLAND BUDGET 2021–22 2021 – 22 Capital Statement Statement Capital CAPITAL STATEMENT Budget Paper No. Paper Budget BUDGET PAPER NO. 3 3 Queensland Budget 2021–22 Capital Statement Budget Paper No.3 budget.qld.gov.au budget.qld.gov.au 21-050_Budget 2021-22 _A4_Core Paper_Cover.indd 5 7/6/21 3:44 pm 2021–22 Queensland Budget Papers 1. Budget Speech 2. Budget Strategy and Outlook 3. Capital Statement Service Delivery Statements Appropriation Bills Budget Highlights Regional Action Plans The budget papers are available online at budget.qld.gov.au © The State of Queensland (Queensland Treasury) 2021 Copyright This publication is protected by the Copyright Act 1968 Licence This document is licensed by the State of Queensland (Queensland Treasury) under a Creative Commons Attribution (CC BY 4.0) International licence. In essence, you are free to copy, communicate and adapt this publication, as long as you attribute the work to the State of Queensland (Queensland Treasury). To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ Attribution Content from this publication should be attributed to: © The State of Queensland (Queensland Treasury) - 2021–22 Queensland Budget Translating and interpreting assistance The Queensland Government is committed to providing accessible services to Queenslanders from all cultural and linguistic backgrounds. If you have difficulty in understanding this publication, you can contact us on telephone (07) 3035 3503 and we will arrange an interpreter to effectively communicate the report to you. Capital Statement Budget Paper No. 3 ISSN 1445-4890 (Print) ISSN 1445-4904 (Online) Queensland Budget 2021–22 Capital Statement Budget Paper No.3 21-050_Budget 2021-22 _A4_Core Paper_Cover.indd 6 7/6/21 3:44 pm Capital Statement 2021–22 State Budget 2021–22 Capital Statement Budget Paper No.
    [Show full text]
  • Ensuring Reliable Electricity Supply in Victoria to 2028: Suggested Policy Changes
    Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes Associate Professor Bruce Mountain and Dr Steven Percy November 2019 All material in this document, except as identified below, is licensed under the Creative Commons Attribution-Non- Commercial 4.0 International Licence. Material not licensed under the Creative Commons licence: • Victoria Energy Policy Centre logo • Victoria University logo • All photographs, graphics and figures. All content not licenced under the Creative Commons licence is all rights reserved. Permission must be sought from the copyright owner to use this material. Disclaimer: The Victoria Energy Policy Centre and Victoria University advise that the information contained in this publication comprises general statements based on scientific research. The reader is advised and needs to be aware that such information may be incomplete or unable to be used in any specific situation. No eliancer or actions must therefore be made on that information without seeking prior expert professional, scientific and technical advice. To the extent permitted by law, the Victoria Energy Policy Centre and Victoria University (including its employees and consultants) exclude all liability to any person for any consequences, including but not limited to all losses, damages, costs, expenses and any other compensation, arising directly or indirectly from using this publication (in part or in whole) and any information or material contained in it. Publisher: Victoria Energy Policy Centre, Victoria University, Melbourne, Australia. ISBN: 978-1-86272-810-3 November 2019 Citation: Mountain, B. R., and Percy, S. (2019). Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes. Victoria Energy Policy Centre, Victoria University, Melbourne, Australia.
    [Show full text]
  • Recovery Plan for Mabi Forest
    Recovery Plan for Mabi Forest Title: Recovery Plan for Mabi Forest Prepared by: Peter Latch for the Mabi Forest Recovery Team Photos on title page: top left – Lumholtz’s tree-kangaroo; top right – Mabi forest; bottom – restoration work; bottom left – Mabi forest. © The State of Queensland, Environmental Protection Agency, 2008 Copyright protects this publication. Except for purposes permitted by the Copyright Act, reproduction by whatever means is prohibited without the prior written knowledge of the Environmental Protection Agency. Inquiries should be addressed to PO Box 15155, CITY EAST, QLD 4002. Copies may be obtained from the: Executive Director Conservation Services Environmental Protection Agency PO Box 15155 City East Qld 4002 Disclaimer: The Australian Government, in partnership with the Environmental Protection Agency facilitates the publication of recovery plans to detail the actions needed for the conservation of threatened native wildlife. The attainment of objectives and the provision of funds may be subject to budgetary and other constraints affecting the parties involved, and may also be constrained by the need to address other conservation priorities. Approved recovery actions may be subject to modification due to changes in knowledge and changes in conservation status. Publication reference: Latch, P. 2008. Recovery Plan for Mabi Forest. Report to Department of the Environment, Water, Heritage and the Arts, Canberra. Environmental Protection Agency, Brisbane. 2 Contents Page Executive Summary 4 1. General information 5 Conservation status 5 International obligations 5 Affected interests 5 Consultation with Indigenous people 5 Benefits to other species or communities 5 Social and economic impacts 6 2. Biological information 7 Community description 7 Distribution 8 Figure 1.
    [Show full text]
  • Tablelands Agricultural Profile 2015
    Tablelands Agricultural Profile – 2015the title of your two-column fact Regional description high fertility. Soil profiles for these soils usually comprise a red, structured, high clay soil with an The Tablelands agricultural region, defined by the acid-neutral pH. boundaries of the Mareeba Shire Council and the Tablelands Regional Council, covers an area of Climate 65,000km². Most agricultural activity occurs on the elevated, eastern highlands extending from There is wide variation in climate across the Julatten southwards to Ravenshoe, and from Tablelands region, influenced by changes in Kuranda westwards to Dimbulah. The regional altitude and the proximity of the Great Dividing population of 47 000 is concentrated in the major Range. Elevated eastern and southern areas are centres of Mareeba, Atherton, Kuranda, Malanda, generally wetter and cooler, whereas western and Tolga, Yungaburra, Ravenshoe and Herberton; northern areas are hotter and drier. Winds from and the smaller centres of Chillagoe, Dimbulah, tropical cyclones are often of lower speed and are Millaa Millaa, Irvinebank, Julatten, Mt Garnet, Mt less damaging on the Tablelands than in adjacent Molloy Mutchilba and Walkamin. coastal regions. Industry diversity Table 1 – Climate of key Tablelands towns Tablelands agriculture includes a wide diversity of Annual Average temp. Altitude tropical and subtropical production of plant and Locality rainfall range (°C) animal industries. Forty-two large agricultural (m) (mm) industries were identified in the Tablelands region Jan. July in 2015. The success and resilience of the Kuranda 336 2002 24-31 17-26 Tablelands agriculture sector can be attributed to Mareeba 400 918 21-31 11-25 this industry diversity, which provides options to Dimbulah 407 783 22-34 11-27 farmers to change crops and farming systems to adapt to market cycles and consumer demands.
    [Show full text]
  • Strategic Framework December 2019 CS9570 12/19
    Department of Natural Resources, Mines and Energy Queensland bulk water opportunities statement Part A – Strategic framework December 2019 CS9570 12/19 Front cover image: Chinaman Creek Dam Back cover image: Copperlode Falls Dam © State of Queensland, 2019 The Queensland Government supports and encourages the dissemination and exchange of its information. The copyright in this publication is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0) licence. Under this licence you are free, without having to seek our permission, to use this publication in accordance with the licence terms. You must keep intact the copyright notice and attribute the State of Queensland as the source of the publication. For more information on this licence, visit https://creativecommons.org/licenses/by/4.0/. The information contained herein is subject to change without notice. The Queensland Government shall not be liable for technical or other errors or omissions contained herein. The reader/user accepts all risks and responsibility for losses, damages, costs and other consequences resulting directly or indirectly from using this information. Hinze Dam Queensland bulk water opportunities statement Contents Figures, insets and tables .....................................................................iv 1. Introduction .............................................................................1 1.1 Purpose 1 1.2 Context 1 1.3 Current scope 2 1.4 Objectives and principles 3 1.5 Objectives 3 1.6 Principles guiding Queensland Government investment 5 1.7 Summary of initiatives 9 2. Background and current considerations ....................................................11 2.1 History of bulk water in Queensland 11 2.2 Current policy environment 12 2.3 Planning complexity 13 2.4 Drivers of bulk water use 13 3.
    [Show full text]
  • Vol 3 – App. 36 – RACL Environmental Record
    Environmental Impact Statement - VOLUME 3 Appendix 36 RACL Environmental Record Prepared by RATCH Australia Corporation Limited PR100246 / R72894; Volume 3 TRANSFIELD SERVICES Australia & New Zealand HSE HAZARDS DOCUMENT No. TMP-2000-EV-0001 1.0 PURPOSE To outline the process to be followed for identifying and assessing the HSE hazards and relevant HSE legal requirements associated with Transfield Services operations and Supplier/Subcontractor activities, products and services. 2.0 SCOPE This procedure applies to all Transfield Services operations, sites and offices. It applies to the management of HSE hazards that arise in the course of activities at these sites and offices. The exact requirements of this procedure must be implemented as defined. Deviation from this procedure is only permissible where the stated criteria cannot be fulfilled and the deviation is approved by the respective Industry HSE Manager or Operations General Manager. Approvals shall be via e-mail and maintained as a record with all other document approvals, refer TMP-0000- QA-0005 – Document Control Procedure. 2.1 Adoption of a Client’s Hazard Controls, Procedures & Processes A client’s hazard controls, procedures and processes can be considered for adoption under any or all of the following circumstances:- 1. A gap analysis has been undertaken against Transfield Services’ procedures and processes and no inconsistencies have been identified between the client’s and Transfield’s identified procedures and processes. 2. The gap analysis finds that the client’s procedures and processes are equal to or better than those identified by Transfield Services 3. The client’s hazard controls, procedures and processes comply with regional legislative requirements.
    [Show full text]
  • Queensland Commission of Audit's Final
    Queensland Commission of Audit Final Report - February 2013 Volume 2 Queensland Commission of Audit Final Report February 2013 - Volume 2 Final Report February 2013 - Volume © Crown copyright All rights reserved Queensland Government 2013 Excerpts from this publication may be reproduced, with appropriate achnowledgement, as permitted under the Copyright Act Queensland Commission of Audit Final Report - February 2013 Volume 2 TABLE OF CONTENTS FINAL REPORT VOLUME 1 Transmittal Letter ...................................................................................................... i Acknowledgements .................................................................................................. iii Explanatory Notes .................................................................................................... iv Terms of Reference .................................................................................................. v Report Linkages to Terms of Reference .................................................................. vii Table of Contents ..................................................................................................... ix EXECUTIVE SUMMARY AND RECOMMENDATIONS Executive Summary .............................................................................................. 1-3 List of Recommendations .................................................................................... 1-27 Glossary .............................................................................................................
    [Show full text]
  • Stanwell Corporation Limited's Assets
    The Energy Efficiency Opportunities program – experience from industry September 2011 Overview • Stanwell Corporation Limited • Electricity sector in Australia • Energy Efficiency Opportunities Act (EEO) – Overview and intend of legislation – EEO Framework – EEO versus Energy Audit/Energy Management System – EEO extension to the generation sector • EEO alignment with industry needs Stanwell Corporation Limited Stanwell Corporation Limited’s assets Stanwell Power Station 1,400 MW Tarong Power Station 1,400 MW Tarong North Power Station 443 MW Collinsville Power Station 195MW Swanbank E 385MW Northern Hydros and Wivenhoe Small 183 MW Hydro/Peaking Plant (Mackay Gas Turbine) Total 4,006 MW Electricity sector in Australia Businesses: 57 Revenue: $20.9bn Profit: $3.8bn Annual growth: 7.4% Wages: $1.0bn The Energy Efficiency Opportunities Act covers electricity generation sector – 01 July 2011 Overview of the EEO Act • Targets industrial energy efficiency • Coverage • Assess, identify and report • Program cycles • Objectives EEO Assessment Framework •Leadership •People •Information, data and analysis •Opportunity identification and evaluation •Decision making •Communicating outcomes How can EEO add value to companies? • Challenges systems and assumptions • Triple Bottom Line improvement • Reduces energy use and greenhouse gas emissions • Increases internal communication • Empowers in-house personnel • Board visibility • DRET 2010 report - Identified opportunities save pa – 141.9PJ energy use (2.5% Australia’s total) – 11.2million tonnes emissions (2% Australia’s totals) – $1.2billion EEO - alignment with industry needs • Early consultation with industry • Leverages off existing business activities • Provides extensive support material, skills and guidance • Information exchange • Promotion – case studies • Interaction – Listen, understand and act • Ideas for improvement thank you Gabriele Sartori +61 437 711 871 [email protected].
    [Show full text]