DOCSLIB.ORG

Energy. Connected. Apa Group Annual Report. 2017

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Energy. Connected. Apa Group Annual Report. 2017 apa group annual report. 2017 energy. connected. our vision. to connect Australia to Maintain APA’s financial strength our strategy. Growth focus to enhance our portfolio of: gas transmissions pipelines power generation: Continue to gas-fired and renewables strengthen asset management, mid-stream energy infrastructure development assets, including gas storage and and operational gas processing capabilities and by exploring opportunities in North America APA Group Annual Report 2017 its energy future. APA is a business that is committed to delivering connected and sustainable energy solutions that are safe, reliable, innovative and cost-effective so that all our stakeholders are better off as we work together with our customers to create a better energy future for Australia. During FY2017, we announced in excess of $1.2 billion of committed projects in areas of pipeline extensions and expansions, renewables and midstream assets. We have been investing in energy infrastructure for 17 years and will continue to do so as our energy infrastructure assets will play an important role in reducing Australia’s carbon footprint, as energy consumption shifts from carbon-intensive fuels such as coal, to more carbon-efficient fuels such as natural gas and renewables. contents. FY2017 IN REVIEW Chairman’s Report 2 Managing Director’s Report 4 APA Leadership 6 Highlights 8 AUSTRALIAN PIPELINE TRUST Directors’ Report 10 Remuneration Report 36 Consolidated Financial Statements 50 APT INVESTMENT TRUST Directors’ Report 106 Consolidated Financial Statements 110 ADDITIONAL INFORMATION 131 FIVE YEAR SUMMARY 132 INVESTOR INFORMATION 133 SUSTAINABILITY REPORT S1 Information contained in this document is current as at 23 August 2017. APA Group Annual Report 2017 1 chairman’s report. APA is a business that is committed to investing in and connecting to Australia’s energy future. From humble beginnings in 2000, APA has grown into a top 50 Australian listed company. We began as a $1 billion company (by total assets) owning the Moomba Sydney Pipeline and interests in several other pipelines. Today, APA owns and/or operates over $20 billion worth of assets across gas pipelines, storage, processing, network distribution, gas-fired and renewable energy and electricity interconnectors. We have achieved this through execution of a consistent and prudent strategy – building on our core capabilities and financial strength to grow our portfolio of energy infrastructure assets, whilst increasing the value of our Securityholders’ investment. This strategy of long term growth has served APA and our Securityholders well for almost two decades. Financial results For FY2017, APA delivered another solid financial performance. Revenue increased by 14.0 per cent to $1,888.3 million 1. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 10.5 per cent to $1,470.1 million. Net profit after tax increased by 32.0 per cent to $236.8 million. Our business model delivers highly predictable results in all market conditions. Given the continued challenge in FY2017 of low commodity prices for many of our customers, APA has again demonstrated the resilience of our prudent approach to growth. We are in business to meet the needs of our customers, working with them to deliver innovative and cost effective solutions. This in turn generates returns for our investors. The total distributions for FY2017 of 43.5 cents per security represent a 4.8 per cent or 2.0 cents per security increase over FY2016. Securityholders also benefitted from a total of 4.0 cents per security of franking credits attached to those distributions. As per our distribution policy, distributions have been fully covered by operating cash flows with an appropriate amount of those cash flows retained within the business to support ongoing growth. And we continue to grow. What has also been as pleasing as our sound results, is the fact that we have announced $1.2 billion worth of committed growth projects during the year, which will add to APA’s cash flow in future years. Operating cash flow for FY2017, increased by 12.9 per cent to $973.9 million. Given there were no new securities issued during the year, operating cash flow per security also increased by 12.9 per cent to 87.4 cents. We continue to do what we say we will do and that is to grow the business for the benefit of all stakeholders. Another busy year APA’s Energy Infrastructure segment contributed 94.6 per cent of group EBITDA (before corporate costs) in FY2017. This segment includes the interconnected energy infrastructure footprint including gas transmission, gas compression, processing and storage assets, renewable energy power generation and gas-fired power generation. The increase in FY2017 earnings for this segment was primarily due to the full year contribution from the Eastern Goldfields Pipeline in Western Australia, the Diamantina and Leichhardt Power Stations in Queensland and the 1) Total revenue, excluding pass-through. 2 APA Group Annual Report 2017 Ethane Pipeline in New South Wales. The benefit of our investors to have access to objective disclosure of the diverse asset and geographical footprint is clearly evident climate change risks, opportunities and management in our results. strategies before APA. To achieve this, we have elected to follow as far as practicable, the framework recently Add to this the committed projects announced during released by the Task Force on Climate-related Financial the year, including three renewable energy projects, gas Disclosure by reporting on governance, strategy and risk processing facilities, a gas-fired power station and two management measures to address risks posed by climate greenfield pipelines - and indeed it has been a busy year. change. You can read more about APA’s approach on our Working with stakeholders website as well as within the Directors’ and Sustainability Maintaining our existing operations and developing new Reports. projects not only requires capital and technical skills, but Good governance also investment in relationships. Our achievements during Given the structure of APA, there are certain governance the year around community stakeholder engagement are and remuneration related obligations under the detailed in APA’s FY2017 Sustainability Report. Within the Corporations Act 2001 and the ASX Listing Rules that do Directors’ Report are also examples of our engagement not normally apply to APA, but which would ordinarily apply with other stakeholders during the year including customers to ASX listed public companies. The Board is committed and other businesses, federal and state entities, emergency to the highest standards of corporate governance, and response bodies and other utility teams and local council on 1 July 2017 APA adopted a corporate governance and economic development organisations. framework which is designed to be as consistent, as far as We recognise that as a business, we have an impact on a is practicable, with the best practice procedures of public broad range of stakeholders. And we work collaboratively to listed companies. continue to create value and maintain our reputation as a The new APA Corporate Governance Framework gives company that does what it says it’s going to do. Securityholders a number of additional entitlements Energy policy in relation to governance and remuneration matters. Energy policy continued to be a hotly debated topic This includes giving Securityholders the right to remove during the year, with a number of reports finalised over Directors from the Board, and to also vote on APA’s the last two years. A number of the regulatory reform annual Remuneration Report. If at two consecutive initiatives around gas markets are being developed and Annual Meetings at least 25% of the votes cast on the implemented by the Gas Market Reform Group led by Dr Remuneration Report are voted against its adoption, then Michael Vertigan. One of these initiatives is the Information the ‘two strikes’ mechanism under the Corporations Act Disclosure and Commercial Arbitration regime. would be triggered, giving Securityholders the opportunity to spill the Board. A summary of the Corporate Governance APA continues to be actively engaged in these reform Framework and those additional entitlements is available initiatives. Amendments to the National Gas Rules giving on APA’s website. effect to the new Information Disclosure and Commercial Arbitration Regime came into effect on 1 August. The new The Annual Meeting this year will be held at the ASX regime is intended to facilitate more balanced commercial Auditorium, 18 Bridge Street, Sydney on Friday, 27 October negotiations through additional information disclosure 2017. This is a change of venue from last year. Full details with commercial arbitration as a back stop in the event will be included in the Notice of Meeting, which will be sent negotiations are unsuccessful. APA has, and will continue to to Securityholders in September. work with our customers to ensure commercial outcomes Outlook are sustainable and mutually beneficial for both parties. The Board is confident that APA remains well placed to To-date, APA has invested over $13 billion in building continue delivering sustainable and profitable growth for and developing a network of over 15,000 kilometres of you, our Securityholders. interconnected gas pipelines across mainland Australia to give customers the flexible seamless services they require, Prospects for growth are strong, with over $1.2 billion of enabling the industry to grow. But more investment is still committed projects announced during FY2017, of which required to bring additional gas supply into the market. This $800 million is expected to be spent during FY2018. These will put downward pressure on gas prices and ultimately projects will commence generating revenue from FY2019. energy prices in the market. With this in mind, our guidance for FY2018 is for EBITDA Dr Finkel’s Independent Review into the Future Security of $1,475 million to $1,510 million and net interest costs of of the National Electricity Market called for increased $525 million to $535 million.
Load more

Recommended publications
  • Western Downs Development Status Report
    Toowoomba and Surat Basin Enterprise Western Downs Development Status Report June 2020 www.tsbe.com.au WESTERN DOWNS DEVELOPMENT STATUS REPORT The Western Downs, located in the agricultural heartland of Southern Queensland, is a region experiencing strong economic growth, investment and consistently high employment. The region is well known for its rich agriculture and great liveability, but its biggest wealth is in its people and communities. Home to a growing population of 34,500 people, the Western Downs is a region known for welcoming industry and innovation as well as extending its country hospitality to all new residents and businesses. The Western Downs Development Status Report is a document produced in partnership with Western Downs Regional Council and is updated annually. It equips readers with knowledge including costs, locations and estimated completion dates for known developments in the Western Downs region across infrastructure and services, property development, building and construction, resources and renewable energy projects. Toowoomba and Surat Basin Enterprise (TSBE) is committed to fostering and facilitating the sustainable growth and development of the region and works with stakeholders across the Western Downs to support the local business community. TSBE supports regional businesses through the delivery of information, business support programs, advocacy and regional promotion, as well as membership services to many local businesses. The cornerstones of the economy are agriculture, intensive agriculture, energy and manufacturing — industries which continue to boast a significant number of projects in the pipeline for the Western Downs area. TSBE and Western Downs Regional Council hope this report will encourage further investment in the region, while also providing businesses with important information to help them explore new opportunities.
    [Show full text]
  • Asx Clear – Acceptable Collateral List 28
    et6 ASX CLEAR – ACCEPTABLE COLLATERAL LIST Effective from 20 September 2021 APPROVED SECURITIES AND COVER Subject to approval and on such conditions as ASX Clear may determine from time to time, the following may be provided in respect of margin: Cover provided in Instrument Approved Cover Valuation Haircut respect of Initial Margin Cash Cover AUD Cash N/A Additional Initial Margin Specific Cover N/A Cash S&P/ASX 200 Securities Tiered Initial Margin Equities ETFs Tiered Notes to the table . All securities in the table are classified as Unrestricted (accepted as general Collateral and specific cover); . Specific cover only securities are not included in the table. Any securities is acceptable as specific cover, with the exception of ASX securities as well as Participant issued or Parent/associated entity issued securities lodged against a House Account; . Haircut refers to the percentage discount applied to the market value of securities during collateral valuation. ASX Code Security Name Haircut A2M The A2 Milk Company Limited 30% AAA Betashares Australian High Interest Cash ETF 15% ABC Adelaide Brighton Ltd 30% ABP Abacus Property Group 30% AGL AGL Energy Limited 20% AIA Auckland International Airport Limited 30% ALD Ampol Limited 30% ALL Aristocrat Leisure Ltd 30% ALQ ALS Limited 30% ALU Altium Limited 30% ALX Atlas Arteria Limited 30% AMC Amcor Ltd 15% AMP AMP Ltd 20% ANN Ansell Ltd 30% ANZ Australia & New Zealand Banking Group Ltd 20% © 2021 ASX Limited ABN 98 008 624 691 1/7 ASX Code Security Name Haircut APA APA Group 15% APE AP
    [Show full text]
  • Diamantina and Leichhardt Power Stations
    Diamantina and Leichhardt Power Stations 29 March 2016 Disclaimer This presentation has been prepared by Australian Pipeline Limited (ACN 091 344 704) the responsible entity of the Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441) (APA Group). Summary information: This presentation contains summary information about APA Group and its activities current as at the date of this presentation. The information in this presentation is of a general background nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in APA Group. It should be read in conjunction with the APA Group’s other periodic and continuous disclosure announcements which are available at www.apa.com.au. Not financial product advice: Please note that Australian Pipeline Limited is not licensed to provide financial product advice in relation to securities in the APA Group. This presentation is for information purposes only and is not financial product or investment advice or a recommendation to acquire APA Group securities and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and consult an investment adviser if necessary. Past performance: Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Future performance: This presentation contains certain “forward-looking statements” such as indications of, and guidance on, future earnings and financial position and performance.
    [Show full text]
  • Infigen Energy 2012 Annual Report and Agm Notice of Meeting
    12 October 2012 INFIGEN ENERGY 2012 ANNUAL REPORT AND AGM NOTICE OF MEETING Infigen Energy (ASX: IFN) advises that the attached 2012 Annual Report and the Notice of Meeting relating to the Annual General Meetings of Infigen Energy to be held on Thursday, 15 November 2012, are being despatched to securityholders today. The 2012 Annual Report and AGM Notice of Meeting are also available at Infigen’s website (www.infigenenergy.com). ENDS For further information please contact: Richard Farrell, Investor Relations Manager Tel +61 2 8031 9900 About Infigen Energy Infigen Energy is a specialist renewable energy business. We have interests in 24 wind farms across Australia and the United States. With a total installed capacity in excess of 1,600MW (on an equity interest basis), we currently generate enough renewable energy per year to power over half a million households. As a fully integrated renewable energy business in Australia, we develop, build, own and operate energy generation assets and directly manage the sale of the electricity that we produce to a range of customers in the wholesale market. Infigen Energy trades on the Australian Securities Exchange under the code IFN. For further information please visit our website: www.infigenenergy.com INFIGEN ENERGY OUR GENERATION, YOUR FUTURE Annual Report 2012 INFIGEN ENERGY ANNUAL REPORT 2012 OUR GENERATION CONTINUES TO CONTRIBUTE TO THE TRANSITION TO LOW CARBON EMISSION ELECTRICITY, for yoUR FUTURE AND FUTURE GENERATIONS MIKE HUTCHINSON Chairman 1 INFIGEN ENERGY We strive to be recognised as the leading provider of renewable energy. We want to make a positive difference. Our focus is on customer needs.
    [Show full text]
  • National Greenpower Accreditation Program Annual Compliance Audit
    National GreenPower Accreditation Program Annual Compliance Audit 1 January 2007 to 31 December 2007 Publisher NSW Department of Water and Energy Level 17, 227 Elizabeth Street GPO Box 3889 Sydney NSW 2001 T 02 8281 7777 F 02 8281 7799 [email protected] www.dwe.nsw.gov.au National GreenPower Accreditation Program Annual Compliance Audit 1 January 2007 to 31 December 2007 December 2008 ISBN 978 0 7347 5501 8 Acknowledgements We would like to thank the National GreenPower Steering Group (NGPSG) for their ongoing support of the GreenPower Program. The NGPSG is made up of representatives from the NSW, VIC, SA, QLD, WA and ACT governments. The Commonwealth, TAS and NT are observer members of the NGPSG. The 2007 GreenPower Compliance Audit was completed by URS Australia Pty Ltd for the NSW Department of Water and Energy, on behalf of the National GreenPower Steering Group. © State of New South Wales through the Department of Water and Energy, 2008 This work may be freely reproduced and distributed for most purposes, however some restrictions apply. Contact the Department of Water and Energy for copyright information. Disclaimer: While every reasonable effort has been made to ensure that this document is correct at the time of publication, the State of New South Wales, its agents and employees, disclaim any and all liability to any person in respect of anything or the consequences of anything done or omitted to be done in reliance upon the whole or any part of this document. DWE 08_258 National GreenPower Accreditation Program Annual Compliance Audit 2007 Contents Section 1 | Introduction.......................................................................................................................
    [Show full text]
  • Energy Transition Initiative Announcement
    Embargoed until 12.01am, Monday 27 July, 2020 Media release Industry heavyweights come together to forge pathways towards a decarbonised future Some of Australian industry’s biggest companies are supporting a new initiative that will see them work together to better understand pathways to achieving net zero emissions in supply chains. BHP, Woodside, BlueScope Steel, BP Australia, Orica, APA Group and Australia Gas Infrastructure Group – which together represent 13.6 per cent of Australian industrial emissions – have signed on to the Australian Industry Energy Transitions Initiative. They are joined by National Australia Bank, Schneider Electric and Australian Super, who represent the broader system of investments, services, products and knowledge that will be key to supporting industry action towards net-zero supply chains. Independent, not-for-profit bodies ClimateWorks Australia and Climate-KIC Australia are conveners of the Australian Industry ETI, in collaboration with the Energy Transitions Commission. It has been developed with the generous support of philanthropic donations, company contributions and funding from the Australian Government, through the Australian Renewable Energy Agency. It is supported by the Australian Industry Group and the Australian Industry Greenhouse Network, with research partners including CSIRO and the Rocky Mountain Institute. The initiative aims to set Australian industry up for a success in a decarbonised global economy, by harnessing industry knowledge to develop pathways and actions that can accelerate emissions reductions across whole supply chains – in sectors where abatement has traditionally faced structural challenges. Specifically, it will focus on opportunities across five supply chains which collectively contribute more than a quarter of Australia’s annual greenhouse gas emissions and generate exports worth around $160 billion.
    [Show full text]
  • Powerlink Queensland Revenue Proposal
    2023-27 POWERLINK QUEENSLAND REVENUE PROPOSAL Appendix 5.02 – PUBLIC 2020 Transmission Annual Planning Report © Copyright Powerlink Queensland 2021 Transmission Annual Planning Report 2020 Transmission Annual Planning Report Please direct Transmission Annual Planning Report (TAPR) enquiries to: Stewart Bell A/Executive General Manager Strategy and Business Development Division Powerlink Queensland Telephone: (07) 3860 2801 Email: [email protected] Disclaimer: While care is taken in the preparation of the information in this report, and it is provided in good faith, Powerlink Queensland accepts no responsibility or liability for any loss or damage that may be incurred by persons acting in reliance on this information or assumptions drawn from it. 2020 TRANSMISSION ANNUAL PLANNING REPORT Table of contents Executive summary __________________________________________________________________________________________________ 7 1. Introduction ________________________________________________________________________________________________ 15 1.1 Introduction ___________________________________________________________________________________________ 16 1.2 Context of the TAPR _________________________________________________________________________________ 16 1.3 Purpose of the TAPR _________________________________________________________________________________ 17 1.4 Role of Powerlink Queensland _______________________________________________________________________ 17 1.5 Meeting the challenges of a transitioning energy system ___________________________________________
    [Show full text]
  • Peak Demand Forecasts
    2014 Electricity Statement of Opportunities (ESOO) Stakeholder Workshop Neetika Kapani A/Manager, System Capacity 1 July 2015 1 Agenda Background Purpose Key Findings o Peak Demand Forecasts o Energy Forecasts Interesting Analysis o Capacity Credits by Market Participant o Individual Reserve Capacity Requirement (IRCR) o Solar PV o Battery Questions 2 2014 and 2015 ESOO deferrals Minister for Energy directed IMO on 29 April 2014 to defer certain aspects of the 2014 Reserve Capacity Cycle, by a year. 13 March 2015 to defer certain aspects of the 2015 Reserve Capacity Cycle, by a year. On 17 June 2015, the IMO published 2014 ESOO and sets the Reserve Capacity Target for the 2016-17 Capacity Year Reserve Capacity Information Pack 3 RCM Process http://www.imowa.com.au/home/electricity/reserve-capacity 4 Purpose of the 2014 ESOO Provides market data and information of interest to current and potential WEM participants and stakeholders Sets the Reserve Capacity Target (RCT) for the 2016-17 Capacity Year o RCT for 2016-17 is 4,557 MW o Based on the 10 per cent probability of exceedance (PoE) forecast plus a reserve margin 5 Key Findings • Unusual Early Peak 5 January 2015 15:30- 16:00 TI Demand of 3744 MW • SWIS demand growth flattening • IRCR mechanism continues to be effective • Customer behaviour changing rapidly • Healthy mix and diversity of generation capacity and DSM continues • No new generation or Demand Side Management (DSM) capacity will be required for the 2015 to 2025 forecast period 6 Forecasting presents Challenges
    [Show full text]
  • Ngs Super Portfolio Holdings Disclosure
    NGS SUPER PORTFOLIO HOLDINGS DISCLOSURE DEFENSIVE - ACCUMULATION Effective date: 31 DEC 2020 AUSTRALIAN SHARES A2 MILK CO LTD ABACUS PROPERTY GROUP REIT ACCENT GROUP LTD ADAIRS LTD ADBRI LTD AFTERPAY LTD AGL ENERGY LTD AINSWORTH GAME TECHNOLOGY LTD ALACER GOLD CORP ALE PROPERTY GROUP REIT ALS LTD ALTIUM LTD ALUMINA LTD AMA GROUP LTD AMCOR PLC AMP LTD ANSELL LTD APA GROUP STAPLED SECURITY APPEN LTD ARB CORP LTD ARISTOCRAT LEISURE LTD ASALEO CARE LTD ASX LTD ATLAS ARTERIA STAPLED SECURITY AUB GROUP LTD AUCKLAND INTL AIRPORT LTD AURELIA METALS LTD AUSNET SERVICES AUSSIE BROADBAND Issued by NGS Super Pty Limited ABN 46 003 491 487 AFSL No 233 154 the trustee of NGS Super ABN 73 549 180 515 ngssuper.com.au 1300 133 177 NGS SUPER – PORTFOLIO HOLDINGS DISCLOSURE 1 DEFENSIVE - ACCUMULATION Effective date: 31 DEC 2020 AUST AND NZ BANKING GROUP AUSTAL LTD AUSTRALIAN FINANCE GROUP LTD AUSTRALIAN PHARMA INDUS LTD AUSTRALIAN VINTAGE LTD AVENTUS GROUP REIT AVITA MEDICAL INC BABY BUNTING GROUP LTD BANK OF QUEENSLAND LTD BAPCOR LTD BEACH ENERGY LTD BEACON LIGHTING GROUP LTD BEGA CHEESE LTD BENDIGO AND ADELAIDE BANK BHP GROUP LTD BINGO INDUSTRIES LTD BLACKMORES LTD BLUESCOPE STEEL LTD BORAL LTD BRAMBLES LTD BRAVURA SOLUTIONS LTD BREVILLE GROUP LTD BRICKWORKS LTD BWP TRUST REIT CALTEX AUSTRALIA LTD CAPITOL HEALTH LTD CAPRAL LTD CAPRICORN METALS LTD CARDNO LTD CARNARVON PETROLEUM LTD CARSALES.COM LTD CASH CEDAR WOODS PROPERTIES LTD CENTURIA INDUSTRIAL REIT CENTURIA METROPOLITAN REIT CHALLENGER LTD CHAMPION IRON LTD CHARTER HALL GROUP REIT CHARTER HALL LONG
    [Show full text]
  • Apa Group Annual Review and Sustainability Report 2015
    APA GROUP ANNUAL REVIEW AND SUSTAINABILITY REPORT 2015 CONNECTING MARKETS CREATING OPPORTUNITIES APA Group | Annual Review and Sustainability Report 2015 A Front cover: APA’s most recent and largest acquisition - the Wallumbilla CONNECTING Gladstone Pipeline (“WGP”). This is APA’s delivery station for the Queensland Curtis LNG facility MARKETS located on Curtis Island near Gladstone where the WGP emerges from the underground 556 kilometres from its starting point in the Surat Basin, Queensland. This page: Pipes strung and welded during construction of APA’s new Eastern Goldfields Pipeline in Western Australia. The 293 kilometre pipeline connects to APA’s Murrin Murrin Lateral which connects to our Goldfields Gas Pipeline. APA’s three pipelines will be used to supply gas to AngloGold Ashanti’s gold mining operations displacing liquid fuel power supply. MOVING ENERGY CREATING OPPORTUNITIES 2016 15 YEARS OF GROWTH 2016-BEYOND We only look forward at APA as to what opportunities for growth lay ahead, never resting on MORE GROWTH our laurels of what we’ve achieved. However, we also believe it’s healthy to acknowledge our IN THE PIPELINE significant growth and success since listing 15 years ago. That’s why our celebratory timeline starts at financial year 2015 – like you, we’re keen to see what’s next in 2016 and beyond, but we’re proud of the list of achievements you’ll see flowing through the pages of APA’s 2015 Annual Review. Continuing to grow our 02 Highlights ownership interests in 04 Chairman’s report transmission pipelines 06 Managing Director’s through further Growing other report 1 expanding the east energy infrastructure and west coast grids midstream assets 08 Operations report 2 16 Sustainability report 24 Leadership 26 Five year financial summary 27 Investor information Leveraging 28 Map — our footprint OUR APA’s asset and FY2015 activities management, STRATEGY development Information contained in this document 3 and operational is current as at 26 August 2015.
    [Show full text]
  • Renewable Energy in the Western Downs
    ‘Renewable Energy is an integral part of the Western Downs future economy creating short- and long- Renewable Energy in the term employment Western Downs opportunities for our The Western Downs is known as the RENEWABLE ENERGY region.’ Energy Capital of Queensland, and is INDUSTRY: now emerging as the Energy Capital of According to the Clean Energy Australia - Paul McVeigh, Australia. Report, as at 2018, Queensland Mayor Western Downs This reputation is due to strong renewables make up 9.5% of Renewable investment over the past 15 years Energy Penetration across Australian Regional Council 4 by the Energy Production Industry states. (EPI), into large-scale resource As at January 2019, the Western Electricity transmission services industry developments in coal seam Downs contributes towards this provider, Powerlink Queensland, gas (CSG) and coal. More recently percentage with more than $4 billion connects renewable energy farms renewable energy farms have invested in renewable energy projects in the across the region into the Queensland in the region with multiple solar and pipeline. 5 transmission network using existing, wind energy farms currently either Renewable energy projects offer and where required, expanding on under construction, or approved for short and long-term work within the transmission networks and substations. construction. Gas and coal-fired power region, with a range of industries and This existing infrastructure supports stations also feature prominently in the businesses involved. This creates a the connection of non-synchronous region. strong flow-on effect in the supply generation of electricity into the chain, economy and local communities. Economic growth in the Western Queensland transmission network.
    [Show full text]
  • APA Group Investor Day Disclaimer
    MORE THAN THE SUM OF OUR PARTS APA Group Investor Day 14 November 2013 Sydney Disclaimer This presentation has been prepared by Australian Pipeline Limited (ACN 091 344 704) the responsible entity of the Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441) (APA Group). Summary information: This presentation contains summary information about APA Group and its activities current as at the date of this presentation. The information in this presentation is of a general background nature and does not purport to be complete. It should be read in conjunction with the APA Group’s other periodic and continuous disclosure announcements which are available at www.apa.com.au. Not financial product advice: Please note that Australian Pipeline Limited is not licensed to provide financial product advice in relation to securities in the APA Group. This presentation is for information purposes only and is not financial product or investment advice or a recommendation to acquire APA Group securities and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and consult an investment adviser if necessary. Past performance: Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Future performance: This presentation contains certain “forward‐looking statements” such as indications of, and guidance on, future earnings and financial position and performance.
    [Show full text]