APA Group has agreed a new gas transportation and storage services deal with Origin Energy to increase gas transport from Victoria into New South Wales. The new agreement has a term of six years and commences at the expiry of the current contract in December 2013. Under this agreement APA will supply a revised suite of services on the Moomba […]
Coliban Water’s 2013 Annual Report highlights an investment of $41.8 million in projects across its region during the last financial year. Managing Director Jeff Rigby said the end of the financial year was also the end of its 2008-2013 Water Plan. “Over the five years of that plan we delivered a $203.3 million of capital works – a significant investment […]
The Victorian Minister for Water Peter Walsh announced on Wednesday the appointment of 79 directors to Victoria’s 19 water corporation boards, including 12 chairs. This year, the Department for Environment and Primary Industries (DEPI) received more than 420 expressions of interest. An independent selection panel representing stakeholder, local government and rural interests shortlisted, interviewed and recommended candidates for consideration for […]
Ergon Energy customers across regional Queensland had power supply available to their homes, businesses and farms on average for 99.935% of the time last financial year. Their power supply was interrupted, on average, for 4.5 hours by unplanned outages and 1.28 hours for planned outages. Chief Executive Ian McLeod said customers experienced 2.8 power supply interruptions on average during the […]
Aurora Energy’s financial result in 2012-13 was the strongest in its history, following significant cost reductions across the business and coinciding with the smallest electricity price increase for several years. Chairman Geoff Willis said the company’s underlying profit of $76.5 million was more than $20.1 million higher than the prior year and would enable increased returns to be made to […]
SKM and Jacobs have signed an agreement to merge their two businesses, to be effected by Jacobs acquiring SKM. The SKM Board of Directors believes that the Merger Proposal is in the best interests of SKM Shareholders and unanimously recommends that SKM Shareholders vote in favour of the proposal. The Merger Proposal is subject to the satisfaction of certain conditions, […]
Australia’s largest gas infrastructure business, APA Group has released their results for 2012-13 showing a 27.4 per cent increase in net profit to $179 million. APA Managing Director Mick McCormack said, “This was another busy year and one which delivered pleasing results. We completed expansion projects on a number of our assets and the integration of the HDF pipelines. We […]
NBN Co locked in a number of contract changes and renewals just before moving into caretaker mode for the Federal Election. Downer EDI was awarded further contracts, while Silcar’s construction contract was renewed, while the Syntheo JV contract will not be renewed. Downer was awarded a two-year contract to roll out fibre optic broadband in an area covering approximately 300,000 […]
Leighton subsidiary Thiess has taken 100% ownership of telecommunications, energy and infrastructure services company, Silcar Pty Ltd. Silcar has been a 50/50 joint venture between Thiess and the global engineering technology company Siemens. The acquisition of Siemens shares by Thiess was agreed so that both companies could better focus their respective strategic portfolios. Managing Director Bruce Munro said “This acquisition […]
Nacap Australia a leading energy infrastructure contractor that provides pipeline and related construction services primarily to the oil, gas, water and power industries, was acquired by Quanta Services on 29 July 2013. With operations throughout North America and in certain international markets, Quanta Services is a leading specialised contracting services company, delivering infrastructure solutions for the electric power and natural […]
APA Group Australia’s largest natural gas infrastructure business, recently announced it has approached the board of Envestra Limited (Envestra) with a proposal under which the two businesses would be combined through an all-share merger. The proposal remains indicative and non-binding. APA acquired a 17.2 per cent interest in Envestra in July 2007, and has supported Envestra with further equity investments […]
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