| Type | Energy distribution and network management |
|---|---|
| Industry | Energy |
| Founded | As AlintaGas Ltd - Jan 1995 |
| Headquarters | Melbourne, Victoria, Australia |
| Key people | Quek Poh Huat, Chairman Paul Adams, CEO |
| Products | Gas, electricity (asset owner and manager), water (contractor) |
| Revenue | A$1.48 billion (2006, [1]) |
| Net income | A$0.17 billion (2006, [2]) |
| Employees | ~3200 |
| Website | www.jemena.com.au |
Jemena is an Australian energy infrastructure company. It has grown from a small, Western Australia based gas distributor and retailer to the largest energy infrastructure company in Australia. It has become known for its aggressive approach to growth through acquisition and financial engineering. It is owned by one of Asia Pacific's leading utility companies, Singapore Power.[1]
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It 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.[2]
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.[3] after putting up a bid of A$13.9 billion, beating out a rival bid by Macquarie Bank.[4]
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".[5]
Alinta Limited is now known as Westnet Infrastructure Group Limited.
Jemena's main assets and activities are: