COAL-FIRED POWER PLANTS – VICTORIA

Alinta’s plan to rattle AGL and Origin

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 23 : 16-Jan-18

Alinta believes that its purchase of Victoria’s Loy Yang B coal-fired power station for around $A1.2 billion can help it boost customer numbers. Alinta MD Jeff Dimery notes that it has around 800,000 to 900,000 customers at the moment, and that it is capable of coping with around two million customers. He says Alinta is still committed to expanding its renewable energy generation capacity, despite its purchase of Loy Yang B.

CORPORATES
ALINTA ENERGY (AUSTRALIA) PTY LTD, ENGIE SA, AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, ENERGYAUSTRALIA PTY LTD, CHOW TAI FOOK ENTERPRISES LIMITED, ECOGEN ENERGY, IFM INVESTORS PTY LTD

Alinta wins race for $1.2b Loy Yang B

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 24-Nov-17

Alinta has outlaid around $A1.2 billion to acquire Victoria’s Loy Yang B power station from Engie and Mitsui & Co. Loy Yang B generates around 17 per cent of Victoria’s electricity needs, and has a capacity of around 1,000 megawatts. Alinta MD Jeff Dimery said buying Loy Yang B makes it easier for it to compete with "the big guys". Larger rivals AGL Energy, Origin Energy and EnergyAustralia all have coal-fired power stations.

CORPORATES
ALINTA ENERGY (AUSTRALIA) PTY LTD, ENGIE SA, MITSUI AND COMPANY LIMITED, AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, ENERGYAUSTRALIA PTY LTD, DELTA ELECTRICITY AUSTRALIA PTY LTD, CHINA RESOURCES (HOLDINGS) LIMITED, APOLLO GLOBAL MANAGEMENT LLC, AUSTRALIAN GREENS, GRATTAN INSTITUTE

Energy bills soar in shift from coal power stations

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Original article by Kylar Loussikian
The Australian – Page: 1 : 4-Jan-17

Electricity companies are raising consumer prices by as much as 25 per cent. Red Energy explained that prices must be raised because of the higher wholesale cost of electricity and the renewable energy certificates. In Victoria, where the Hazelwood power station will be closed in March 2017, EnergyAustralia and AGL increased electricity tariffs by $A135 and $A132 on average respectively for 2017.

CORPORATES
ENERGYAUSTRALIA PTY LTD, AGL ENERGY LIMITED – ASX AGL, RED ENERGY PTY LTD, AUSTRALIAN ENERGY COUNCIL, SNOWY HYDRO LIMITED, MINERALS COUNCIL OF AUSTRALIA, QUEENSLAND. COMPETITION AUTHORITY

No Hazelwood, no energy plan

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Original article by Jennifer Hewett
The Australian Financial Review – Page: 2 : 4-Nov-16

The closure of Hazelwood power station will have serious economic consequences for Victoria’s Latrobe Valley region as 750 workers will lose their jobs. Both state and Federal Governments have promised financial assistance, with the latter to provide $A43 million in aid. Victorian Premier Daniel Andrews insists that the decision of majority owner Engie to close Hazelwood has nothing to do with the state’s energy policy.

CORPORATES
ENGIE SA, AUSTRALIAN ENERGY COUNCIL, MINERALS COUNCIL OF AUSTRALIA, VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED

Hazelwood closure set to push up prices

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Original article by Mark Ludlow
The Australian Financial Review – Page: 4 : 26-Sep-16

France-based Engie could make a final decision on the mooted closure of Victoria’s Hazelwood coal-fired power station in October 2016. Some media reports have suggested that the power plant could be shut down in April 2017, but Energy Minister Lily D’Ambrosio says no decision has been made. Tony Wood of the Grattan Institute says the brown coal plant’s closure would result in higher electricity prices, while Federal Energy Minister Josh Frydenberg has questioned the need for states to have their own renewable energy targets.

CORPORATES
ENGIE SA, VICTORIA. DEPT OF ECONOMIC DEVELOPMENT, JOBS, TRANSPORT AND RESOURCES, GRATTAN INSTITUTE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIAN NATIONAL UNIVERSITY. CENTRE FOR CLIMATE ECONOMICS AND POLICY