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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. -
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. -
NRG Energy Successful in Bid for Flinders Power in South Australia
NRG Energy Successful in Bid for Flinders Power in South Australia August 2, 2000 MINNEAPOLIS, Aug 02, 2000 (BUSINESS WIRE)---NRG Energy, Inc. (NYSE:NRG) announced today it has been named the successful bidder in the South Australian Government's electricity privatization auction for Flinders Power, South Australia's final generation company to be privatized. NRG agreed to pay (Aus.) $313 million ($180 million U.S.) cash for a 100-year lease of the Flinders Power assets. Flinders Power includes two power stations totaling 760 megawatts (MW), the Leigh Creek coal mine 175 miles north of the power stations, a dedicated rail line between the two, and Leigh Creek township. The lease agreement also includes managing the long-term fuel supply and power purchase agreement for the 180-MW Osborne Cogeneration Station. NRG expects to close the transaction in early September. "Flinders gives NRG a strong position in the vibrant South Australian power market," said Keith G. Hilless, NRG Asia-Pacific managing director and CEO. The power stations are the 240-MW Playford Power Station and the 520-MW Northern Power Station, both located in Port Augusta on the Spencer Gulf--approximately 190 miles north of South Australia's capital city, Adelaide. The Playford and Northern power stations use pulverized coal-fired steam turbine generation technology. Northern is a baseload facility and is the lowest-cost generator in South Australia, while Playford is a peaking facility. "Flinders Power confirms our long-term commitment to the Australian power generation market," commented David H. Peterson, chairman, president and CEO of NRG. "This project is right in line with NRG's strategy of acquiring assets that complement our core portfolio and represent a variety of dispatch levels." Flinders Power, which NRG will operate, is the only generator in South Australia to own its own fuel source. -
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]. -
NZMT-Energy-Report May 2021.Pdf
Acknowledgements We would like to thank Monica Richter (World Wide Fund for Nature and the Science Based Targets Initiative), Anna Freeman (Clean Energy Council), and Ben Skinner and Rhys Thomas (Australian Energy Council) for kindly reviewing this report. We value the input from these reviewers but note the report’s findings and analysis are those of ClimateWorks Australia. We also thank the organisations listed for reviewing and providing feedback on information about their climate commitments and actions. This report is part of a series focusing on sectors within the Australian economy. Net Zero Momentum Tracker – an initiative of ClimateWorks Australia with the Monash Sustainable Development Institute – demonstrates progress towards net zero emissions in Australia. It brings together and evaluates climate action commitments made by Australian businesses, governments and other organisations across major sectors. Sector reports from the project to date include: property, banking, superannuation, local government, retail, transport, resources and energy. The companies assessed by the Net Zero Momentum Tracker represent 61 per cent of market capitalisation in the ASX200, and are accountable for 61 per cent of national emissions. Achieving net zero emissions prior to 2050 will be a key element of Australia’s obligations under the Paris Agreement on climate (UNFCCC 2015). The goal of the agreement is to limit global temperature rise to well below 2 degrees Celsius above pre-industrial levels and to strive for 1.5 degrees. 2 Overall, energy sector commitments are insufficient for Australia to achieve a Paris-aligned SUMMARY transition to net zero. Australia’s energy sector This report finds none of the companies assessed are fully aligned with the Paris climate goals, and must accelerate its pace of most fall well short of these. -
Gladstone Region Major Industry & Infrastructure Providers
Gladstone region Major Industry & Infrastructure Providers CONTENTS NRG Gladstone Power Station 2 Central Queensland Ports Authority 3 Gladstone Area Water Board 5 Queensland Rail 6 Queensland Gas Pipeline 7 Boyne Smelters Limited 8 Cement Australia (Qld) Pty Ltd 9 Queensland Energy Resources Limited 11 Comalco Alumina Refinery 11 Queensland Alumina Limited 12 Orica Australia Pty Ltd 14 Austicks and Frost Enterprises 15 Industry Profiles: January 2005 The Gladstone Region NRG GLADSTONE POWER The station was sited to take advantage of seawater for cooling and to be near to Central STATION Queensland’s vast coal reserves. The station’s six-megawatt turbogenerators each output 16,200 volts to transformers that convert the power to a level suitable for transmission at 132,000 or 275,000 volts. CUSTOMERS The Gladstone Power Station sells most of its electricity to Boyne Smelters under a long-term contract. The station remains inter-connected with the Queensland Electricity grid and the remainder of the power generated is committed to OWNERSHIP AND OPERATION the state. The Gladstone Power Station is a world class COAL SUPPLY power station providing safe, reliable low cost electricity to customers. Since 1994 the station More than four million tonnes of coal each year has been operated by NRG Gladstone Operating are railed to the station from coalfields in Central Services on behalf of the joint venture Queensland. participants, Comalco Ltd (42.125%) and NRG Energy Inc (37.5%), as well as SLMA GPS Pty Coal is stockpiled after unloading, then reclaimed Ltd (8.50%), Ryowa II GPS Pty Ltd (7.125%) and from the stockpiles by either of two stacker YKK GPS (Queensland) Pty Ltd (4.75%). -
Capital Program 2020 Update Copyright Disclaimer This Publication Is Protected by the Copyright Act 1968
Capital Program 2020 update Copyright Disclaimer This publication is protected by the Copyright Act 1968. While every care has been taken in preparing this publication, to the extent permitted by law, the State of Queensland accepts Licence no responsibility and disclaims all liability (including without limitation, liability in negligence) for all expenses, losses This work, except as identified below, is (including direct and indirect loss), damages and costs incurred licensed by Queensland Treasury under a as a result of decisions or actions taken as a result of any data, Creative Commons Attribution-No Derivative information, statement or advice, expressed or implied, contained Works (CC BY-ND) 4.0 Australia licence. To view a copy of this within. To the best of our knowledge, the content was correct at the licence, visit: http://creativecommons.org.au/ time of publishing. You are free to copy and communicate this publication, Copies of this publication are available on our website at as long as you attribute it as follows: www.treasury.qld.gov.au and further copies are available © State of Queensland, Queensland Treasury, August 2020 upon request to: Third party material that is not licensed under a Creative Commons Queensland Treasury licence is referenced within this publication. All content not PO Box 15009, City East, QLD 4000 licensed under a Creative Commons licence is all rights reserved. Please contact Queensland Treasury / the copyright owner if you Phone: 13 QGOV (13 7468) wish to use this material. Email: [email protected] Web: www.treasury.qld.gov.au The Queensland Government is committed to providing accessible services to Queenslanders of all cultural and linguistic backgrounds. -
Flagstaff – Assessment of Aurizon Network 2018-19 Capex
~e i , \ ! u* H * ^ >i1 it '■'M % % w- C. #/: 7 x -v .> ^ ’ % < gs S£fe §z rt *& •» ' T: £■*?<- . £«>4 r- i» rAl »: •j A ■#* i * •71 •]: rAl • ’A > '? . &» w^> THIS PAGE HAS INTENTIONALLY BEEN LEFT BLANK Fl cpoff Document Version Control Rev Date Details Authorised Peer Review Issued to 21 January Ben White A Draft for review John Christopherson FCG QCA 2020 FCG 14 February Ben White 0 Final John Christopherson FCG QCA 2020 FCG Disclaimer This report has been prepared by Flagstaff Consulting Group (FCG) for the client's sole use. The Report is to be used as a single document and in accordance with the limitations as outlined below. The report is based upon information that was obtained on or before the date in which the report was prepared. Circumstances and events may occur following the date on which such information was obtained that are beyond our control and which may affect the findings or projections contained in the report. We may not be held responsible for such circumstances or events and specifically disclaim any responsibility, therefore. FCG has relied on information provided by Aurizon to produce the report and arrive at its conclusions. In no event, regardless of whether FCG consent has been provided, shall FCG assume any liability or responsibility to any third party to whom the report is disclosed or otherwise made available. The conclusions in the report must be viewed in the context of the entire report including, without limitation, any assumptions made, and disclaimers provided. The findings in this report must not be excised from the body of the report under any circumstances. -
Report on State Finances 2005-06 - Government of Queensland 1 Message from the Treasurer
Contents Page Message from the Treasurer 2 Scope of the Report 3 Outcomes Report - Uniform Presentation Framework Overview and Analysis 4-01 Operating Statement by Sector 4-08 Balance Sheet by Sector 4-09 Cash Flow Statement by Sector 4-10 General Government Sector Expenses by Function 4-11 General Government Sector Purchases of Non-financial Assets by Function 4-12 Loan Council Allocation 4-12 Certification of Outcomes Report 4-13 Audited Consolidated Financial Statements Overview and Analysis 5-01 Income Statement 5-07 Balance Sheet 5-08 Statement of Changes in Equity 5-10 Cash Flow Statement 5-11 Notes to the Financial Statements 5-12 Certification of Consolidated Financial Statements 5-85 Independent Audit Report to the Treasurer of Queensland 5-86 Attachment A: Reconciliation of UPF and AAS Operating Result 6-01 Report on State Finances 2005-06 - Government of Queensland 1 Message from the Treasurer As outlined in the Charter of Social and Fiscal Responsibility, the Government is committed to fiscal transparency and accountability. A key objective of this report is to facilitate a meaningful assessment of the State’s financial performance over the 2005-06 financial year and its net worth at balance date. This report provides details of the State's financial operations and position on both a Government Finance Statistics (Outcomes Report) and Australian Accounting Standards (Consolidated Financial Statements) basis. In endorsing this report, I place on record my appreciation of the professionalism and co-operation extended to Queensland Treasury by agency personnel and of the Treasury staff involved in its preparation. -
Queensland Major Projects Pipeline 2020 QMCA
1.3° above average above 1.3° 2019 | Queensland Major Projects Pipeline 2020 A joint initiative QMCA IAQ QLDMPP.COM.AU | i Nowhere else in Australia do infrastructure peak bodies consult so closely with both their respective governments, government-owned corporations and private sector proponents to accurately chart the status of all major projects in their home state. We are proud to introduce The outcome of this collaboration is an authoritative We live in uncertain times. This year Australia has report which describes the scale, timing and location lived through one of the worst bushfire seasons in of all major engineering projects being considered or living memory. While some may question whether the developed in Queensland. bushfires are linked to climate change, the evidence the 2020 Queensland Major that climate change is real cannot be ignored as For 2020 we have moved away from printing the our report cover graphically illustrates. Combined large static report and placed greater emphasis on with accelerated biodiversity loss, increased natural Projects Pipeline Report digital. All your detailed information and in-depth disasters, infectious diseases, the water crisis, analysis can be found at our dedicated website – geopolitical tensions and technological changes, qldmpp.com.au – where, for the first time, you will the long-term global outlook is hard to predict. to you – an initiative of the also be able to search and sort data in the pipeline project listing. For these reasons sustainability and resilience are key themes in the report. As well as our traditional Queensland Major Contractors In another first, we will issue two updates to the focus on the economic sustainability of the industry, report during 2020. -
2018/19 Energy Charter Disclosure Report
Energy Charter Disclosure 2018/19 Energy Charter Disclosure 2018/19 Stanwell Corporation Limited | Page 1 Table of contents Executive summary Executive summary .................................................................................................. 2 Our first Energy Charter Disclosure is a significant milestone for us. Statements and sign-off ........................................................................................... 3 It represents a number of things: About our business and customers .......................................................................... 4 x an acknowledgement of the importance of considering all customers when making business decisions; Performance scorecard ............................................................................................ 5 x a commitment to get better in those areas where we have fallen short of Principle 1: We will put customers at the centre of our business and the expectations; energy system ..................................................................................... 6 x a recognition that we are doing some things well and that these provide a good Principle 2: We will improve energy affordability for customers ........................... 10 foundation to drive further improvement; and Principle 3: We will provide energy safely, sustainably and reliably .................... 13 x a shift in the way we think and talk about our business, from focusing on us to focusing on our customers. Principle 4: We will improve the customer experience ........................................ -
Air Emissions
coal purchase agreements. purchase coal meet air quality specifi cations before entering entering before cations specifi quality air meet • Conduct comprehensive studies to ensure coals coals ensure to studies comprehensive Conduct • ratios in the combustion processes. combustion the in ratios to minimise our environmental footprint. environmental our minimise to operational controls to optimise air to fuel fuel to air optimise to controls operational workplace and Gladstone Power Station’s efforts efforts Station’s Power Gladstone and workplace • Use advanced computer technology and and technology computer advanced Use • oxide gases. oxide satisfy their own minds about the health of our our of health the about minds own their satisfy Gary Macnamara on (07) 4976 5504. 4976 (07) on Macnamara Gary technology to reduce the production of nitrogen nitrogen of production the reduce to technology will provide the community with the knowledge to to knowledge the with community the provide will contact Community Relations Offi cer, cer, Offi Relations Community contact • Utilise Burner out of Service (BOOS) (BOOS) Service of out Burner Utilise • We hope that the factual overview in this brochure brochure this in overview factual the that hope We nitrogen and sulphur gases. sulphur and nitrogen Employees who would like further information can can information further like would who Employees • Blend coal types to reduce the production of of production the reduce to types coal Blend • now and into the future. the into and now concentrations. it is likely