Vortex Pipes has signed a landmark Technology Non-Disclosure Agreement (NDA) with US engineering group, The Kelly Group, relating to its ShieldLiner technology, which can rehabilitate pipes without the need to excavate them which saves money on manpower and equipment, time (crucial for the oil & gas industry), and the environment. The Kelley Group has agreed that it will not work […]
SPI (Australia) Assets Pty Ltd has announced that after satisfying the conditions precedent, the regulatory approvals to allow State Grid of China to buy a 20% stake in SP AusNet and a 60% stake of Jemena gas and electricity from Singapore Power have been received from the Federal Treasurer and the transaction completed. This comes after the deadline for satisfying the […]
The Water Corporation has appointed a new Regional Manager for its Great Southern Region. Andrew Kneebone will be replacing David Hughes-Owen who has led the region for the past eight years. Mr Kneebone joins the Corporation from Tasmania and brings to the utility a broad range of water industry experience gained over a number of years from diverse senior management […]
Hunter Water’s iconic head office at Honeysuckle, NSW will be sold to part fund a likely multi-million dollar upgrade to Burwood Beach Wastewater Treatment Plant as it prepares for an increase of up to 20,000 customers over the next two decades. From this week residents will receive information about the potential upgrade and an invitation to tour the Burwood Beach […]
WA Water Minister Mia Davies has welcomed the appointment of David Lock to the board of the Water Corporation. “David brings a wealth of corporate experience to the board and will do an excellent job along with the existing talented and dedicated board members,” Ms Davies said. David comes to the Water Corporation from the Craig Mostyn Group of which […]
Engineering group, UGL Limited has announced that Robert E. Denham has tendered his resignation as a director of the Company effective from 13 December 2013. Mr Denham has been a director of UGL since February 2012. UGL Chairman, Trevor Rowe AO, said: “On behalf of the Board, I would like to acknowledge the contribution made by Bob Denham during his […]
The NT Government has announced that the Power and Water Corporation will soon be restructured to become two new stand-alone government owned corporations with separate boards. The Deputy Chief Minister David Tollner has met with the new Power and Water Corporation Board to discuss a governance and implementation framework to guide the PWC reforms. From July 1 next year the Power and […]
Origin Energy Limited has signed a second major agreement to sell gas to GLNG partners (GLNG), providing a pathway for Origin to monetise its gas portfolio in line with international oil-linked pricing. Under the terms of the agreement, Origin will supply GLNG with at least 100 petajoules (PJ) of gas at Wallumbilla over a period of five years, commencing on […]
APA Group has announced an increase in its EBITDA (earnings before interest, tax, depreciation and amortisation) guidance for the 2014 financial year. APA expects EBITDA to be in the range of $730 million to $740 million, an increase of approximately 2 per cent on the previous guidance of $715 million to $730 million. The revised guidance reflects the continued strong […]
Western Power has announced that it met or exceeded nearly all of its targets to provide a reliable power supply to WA communities over the past financial year. Networks Operations Manager Cameron Parrotte said it was pleasing to see the improvements delivered to the community by an increased investment in maintenance and replacement of poles and wires. “The investment in […]
Unitywater, Qld has been recognised by Q-Comp for its commitment to rehabilitation practices and getting employees safely back to work after an injury. The Employer Achievement Award for Rehabilitation and Return to Work was presented to Unitywater at the Return to Work Conference in Brisbane, to recognise the utility’s positive stay at work/return to work strategies. Unitywater CEO, George Theo, […]
Gas distribution company Envestra says that it now expects to record a profit after tax for the year ended 30 June 2014 of around $145 million rather than that listed in previous market guidance of around $140 million. The increase in full-year guidance is as a result of higher than anticipated gas volumes to the residential and commercial markets in […]
APA Group, Australia’s largest natural gas infrastructure business, has reached agreement with Envestra Limited to progress a scheme of arrangement proposal to combine the two businesses. APA has put forward a revised proposal which implies a value of $1.17(1) per Envestra share (“APA Proposal”) and follows discussions with Envestra and some limited due diligence. Under the proposal, Envestra shareholders will […]
NBN Co. has announced that global telecommunications executive Bill Morrow has been chosen to steer the National Broadband Network through the next stage of its development. The Vodafone Australia CEO has been appointed Chief Executive Officer of NBN Co Limited, the company responsible for delivering Australia’s nationwide fixed-line broadband upgrade. He will join the company in the New Year and […]
Sydney Water Managing Director Kevin Young has addressed claims made by the Daily Telegraph regarding Sydney Water’s Annual Report. The state-owned corporation made a $415 million profit after tax in 2012-13 and will pay the state government a dividend of $291 million. The news article alleged that Sydney Water had increased its profit by 10 per cent in 2012-2013 by […]
NBN Co has completed the Strategic Review of the National Broadband Network and has delivered the findings to the Government. The analysis of Australia’s largest national infrastructure project has found that the existing fibre-to-the-premises NBN plan may miss its completion date by three years and cost $73bn to complete. The results suggest that the project could be completed sooner and […]
As a result of the announcement of the impending sale (subject to conditions precedent) of 60% of Singapore Power International’s stake in SPI (Australia) Assets Pty Ltd, Standard & Poor’s lowered the company’s long term corporate credit and senior unsecured debt rating from A- to BBB. However, S&P has announced that it had reviewed its ratings on the corporate industrial […]
The Sydney Catchment Authority has received the prestigious Excellence in Policy and Education Award at the 2013 New South Wales Stormwater Industry Awards for its ‘Using MUSIC in Sydney’s Drinking Water Catchment’ manual. Acting Chief Executive of the Sydney Catchment Authority, Fiona Smith said the manual was developed by the SCA and environmental engineering firm BMT WBM to help consultants […]
Melbourne Water has been named in BRW’s 50 Most Innovative Companies of 2013, taking out 26th place on the prestigious list, ahead of automotive, financial and other private commercial businesses. Yarra Valley Water also made the list, coming in at number 47. Melbourne Water’s place on BRW’s Most Innovative list was based on two projects: a major upgrade to the […]
SA Power Networks has responded to suggestions made by The Australian newspaper that the company’s CaMS/NBN work was drawing resources away from the regulated business. SA Power Networks says that The Australian approached them with these suggestions and after several conversations the newspaper forwarded an internal document which involved an IT assessment of the potential impact of CaMS/NBN-related IT work. […]
Melbourne Water has chosen two new Capital Delivery Strategy services providers to play key roles in delivering the company’s capital projects over the next five years. In May, Melbourne Water announced a shortlist of preferred proponents. Since then, there has been consolidation in the construction industry leading to further evaluation. This has resulted in the finalisation of the tender process […]
Sydney Water has won the Customer Service Institute of Australia’s premier award for customer service excellence in the government-owned organisation category. Minister for Finance and Services Andrew Constance has congratulated the company. “These annual Customer Service Excellence awards recognise outstanding achievement in the area of customer service,” Mr Constance said. “The field was highly competitive and included the Australian Taxation […]
SA Water has announced that an organisational restructure is under way to increase efficiency and ensure it continues to respond to customer expectations and meet the challenges of the emerging water industry in South Australia. SA Water Chief Executive John Ringham says driving greater efficiencies across the business and improving end-to-end customer service delivery has guided the change. “The environment […]
The Northern Territory Government has approved the next stage in the reform of the Territory’s utilities market. From July next year the Power and Water Corporation (PWC) will be restructured to separate its monopoly and competitive businesses into stand-alone government owned corporations with separate boards. “A key aspect of the reform program is a restructure of PWC to make its […]
A record $182.2 million has been invested by City West Water in infrastructure in the inner and western metropolitan area in the 2012-13 financial year. The investment, detailed in the City West Water Annual Report tabled in Parliament, show a $37.4 million increase on the previous year, with the West Werribee Dual Water Supply Project and the Arrow Program the […]
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 […]
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