Trading name Jemena Industry Utility CEO Paul Adams (Nov 2008–) | Type Private subsidiary Headquarters Melbourne, Australia Founded 1995 | |
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Predecessor AlintaGas Ltd
Alinta Limited Key people Quek Poh Huat, Chairman
Paul Adams, Managing Director Services Electric power transmission and distribution
Natural gas transmission and distribution Parent organizations Singapore Power, State Grid Corporation of China, SGSP (Australia) Assets Pty Ltd Subsidiaries Jemena New Zealand Limited Profiles | ||
Jemena is an Australian energy infrastructure company. Jemena is a trading name of SGSP (Australia) Assets Pty Ltd (SGSPAA), jointly owned by State Grid Corporation of China and Singapore Power.
Contents
Jemena
History
Jemena was formed as AlintaGas in January 1995 when the vertical monopolist energy supplier, the State Energy Commission of Western Australia, was disaggregated into separate gas and electricity corporations. On 13 July 2000 legislation was passed by the Government of Western Australia for the sale of AlintaGas which subsequently listed on the Australian Stock Exchange (ASX) on 17 October 2000.
On 8 May 2003 AlintaGas Ltd officially changed its name to Alinta Limited. The word alinta is derived from the word for fire in a traditional language of an Aboriginal tribe from Victoria.
Alinta acquired infrastructure assets and the Agility business from AGL through a combination of merger and demerger transactions on 25 October 2006.
The company was eventually acquired on 31 August 2007 by a consortium including Babcock & Brown funds and Singapore Power, the largest utility company in the city-state. after putting up a bid of A$13.9 billion, beating out a rival bid by Macquarie Bank. After acquisition, the Alinta businesses were split up. The majority of eastern assets were owned by an Alinta subsidiary which on 4 August 2008 changed name to Jemena, an Aboriginal word that means "to hear, listen and think". Later the company was wholly transferred to Singapore Power and its name was changed to SPI (Australia) Assets Pty Ltd.
In 2014 it was announced that State Grid Corporation of China had acquired a 60% stake in the utility, changing the parent company's name to SGSP (Australia) Assets Pty Ltd (SGSPAA).
Alinta Limited is now known as Westnet Infrastructure Group Limited.
Assets
Jemena's main assets and activities are: