POWER INDUSTRY – WESTERN AUSTRALIA

BHP sells stake in power network

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Original article by Brad Thompson
The Australian – Page: 15 & 23 : 10-Dec-25

The Global Infrastructure Partners subsidiary of BlackRock will acquire a minority stake in BHP’s inland power network in the Pilbara. The $US2bn ($3.02bn) deal includes Western Australia Iron Ore’s assets such as the Yarnima gas-fired power station and 400km of transmission and distribution lines that service BHP’s iron ore mines and the company-built mining town of Newman. BHP has a 85 per cent stake in WAIO, whose inland power assets will be transferred to a new entity that will be 51 per cent owned by BHP. The resources group will pay the entity a monthly tariff for using the power network over the next 25 years.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BLACKROCK INCORPORATED, GLOBAL INFRASTRUCTURE PARTNERS

Synergy puts case to be split

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Original article by Daniel Mercer
The West Australian – Page: 3 : 6-Oct-14

State-owned power utility Synergy has made a submission to the Western Australian Government arguing the case for its structural separation. It favours the creation of at least two companies that are engaged in both electricity generation and retailing, in order to boost competition in the energy sector and lead to a reduction in electricity prices over the long-term. Synergy was merged with generation company Verve Energy at the start of 2014

CORPORATES
SYNERGY POWER CORPORATION PTY LTD, VERVE ENERGY, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, WESTERN AUSTRALIA. OFFICE OF ENERGY