South Australian electricity transmission company ElectraNet has welcomed a new Chief Executive, Steve Masters.
Steve comes to ElectraNet with over 20 years of resources industry experience, including a solid background in Australian energy markets. He has previously held senior and executive roles with key Australian companies, leading commercial, marketing, corporate development and investor relations functions.
Steve’s formal qualifications include a Bachelor of Science (with Honours) and a Graduate Diploma in Applied Finance and Investment. He has attended University of Chicago Business School’s Executive Program in Corporate Strategy, and Oxford University’s Advanced Management and Leadership Program.
Steve takes over from Ian Stirling, who has retired after 15 years at ElectraNet, including 12 years as Chief Executive Officer.
ElectraNet Chairman, Gordon Jardine, said “We are confident that Steve will provide ElectraNet with the skills, experience, energy, and enthusiasm to meet the challenges of the changing landscape for electricity supply in the years ahead.”
As South Australia’s electricity transmission specialist, ElectraNet plays an active role in ensuring that the transmission network is prepared for the changing way electricity is generated and consumed into the future.
ElectraNet owns and operates more than $2.5 billion of electricity transmission assets and has one of the highest network reliability levels in Australia. The electricity transmission network in South Australia extends across some 200,000 square kilometres and includes 5,600 route kilometres of transmissions lines.
ElectraNet is a private company owned by State Grid Corporation of China, YTL Power Investments, and Hastings Funds Management.
Steve is looking forward to working with the Board and the very capable team at ElectraNet.
“ElectraNet’s high voltage electricity grid is the backbone of electricity supply in South Australia, and is focused on delivering a reliable, cost-effective, and adaptive electricity transmission network. I am already impressed with ElectraNet’s corporate values, its track record of high network reliability, and the focus on efficiency improvements,” said Steve.
To ensure that the transmission network will meet South Australia’s future energy requirements, ElectraNet has a ten year planning outlook and aligns its network planning with the future needs of its customers and industry development.
ElectraNet takes an active role in supporting the continued development of renewable energy projects and other generation investment, including mining and other projects that need a reliable supply of electricity.
ElectraNet has undertaken a significant number of energy transmission connections in the National Electricity Market in the past ten years, with projects including 132 kV and 275 kV substations and transmission lines. ElectraNet is also the largest connector of wind generation in Australia, with the second largest wind-to-load ratio in the world.