Delta Electricity
{{Use Australian English|date=May 2024}}
{{Use dmy dates|date=February 2017}}
{{Infobox company
| name = Delta Electricity
| logo = Wallerawang Power Station 1.JPG
| logo_size = 200px
| type = Private Corporation
| foundation = {{start date|1996}}
| founder =
| location_city = Sydney
| location_country = Australia
| locations =
| area_served =
| key_people = Trevor St Baker (Director)
Brian Flannery (Director)
Greg Everett (MD)
| industry = Electricity generation
| products =
| services =
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = Sunset Power International
| num_employees = {{decrease}} 280
| parent = Sunset Power International
| divisions =
| subsid =
| homepage = [http://www.de.com.au/ www.de.com.au]
| footnotes =
| intl =
}}
Delta Electricity is an electricity generation company in Australia. The company was formed by the Government of New South Wales in 1996 as part of its reform of the electricity sector in the State, which saw the breakup of the Electricity Commission of New South Wales. Delta Electricity, which at the time owned only the Vales Point Power Station, was sold to Sunset Power International for $1 million in November 2015{{cite web|url=http://www.afr.com/business/mining/coal/nsw-govt-sells-vales-point-power-station-for-1m-20151119-gl2uxn|title=NSW government sells Vales Point power station for $1m|author=Potter, Ben|newspaper=Australian Financial Review (Subscription Required)|date=19 November 2015|accessdate=22 November 2015}} and was valued at $730 million 2 years later.{{cite web|url=https://www.abc.net.au/news/2017-10-24/coal-power-station-sold-for-peanuts-becomes-730-million-asset/9077582|title=How a power station sold for peanuts became a $730 million asset|website=Australian Broadcasting Corporation |date=24 October 2017|accessdate=24 March 2022}} It has a portfolio of generating sites mainly using thermal coal power.
Generation portfolio
Delta Electricity, as a State-owned corporation has owned and operated the following power stations to generate electricity for sale under contract. Since December 2015, Delta Electricity only operates the Vales Point Power Station.
| class="wikitable sortable" border="1" | |
| col width=100| Name
!col width=100| Fuel !col width=100| Type !col width=100| Location !col width=200| Maximum capacity !col width=100| Commissioned ! Reference(s) | |
|---|---|
| Broadwater
| | |align="right"| {{convert|38|MW}} | | Sold to Cape Byron Power, November 2013{{cite web |year=2013 |title=About Cape Byron Management |url=http://www.capebyronpower.com/capebyronmanagement.html |accessdate=21 June 2017 |publisher=Cape Byron Power}} |
| Chichester Dam
| near Dungog |align="right"| {{convert|110|kW}} |align="center" | 2001 | |
| Colongra
| Gas | Gas turbines | Colongra |align="right"| {{convert|667|MW}} |align="center" | 2009 | Sold to Snowy Hydro, Jan 2015 | |
| Condong
| Biomass | | |align="right"| {{convert|30|MW}} | | Sold to Cape Byron Power, November 2013 |
| Dungog
| Hydroelectricity | | Dungog |align="right"| {{convert|110|kW}} | | | |
| Munmorah – decommissioned
| Coal | Steam turbines |align="right"| {{convert|600|MW}} |align="center"| 1967 / 69 | Retained by NSW Government/Generator Property Management {{cite web|url=http://www.de.com.au/ArticleDocuments/135/Munmorah%20Power%20Station%20Important%20Ownership%20and%20Contact%20Information.pdf.aspx|publisher=Generator Property Management|year=2016|accessdate=21 October 2016|title=Login - Delta Electricity}} |
| Vales Point
| Coal | Steam turbines |align="right"| {{convert|1320|MW}} |align="center" | 1963 / 64, 1978 | |
History
Delta Electricity was formed by the Government of New South Wales in 1996 as part of its reform of the electricity sector in the State, which saw the breakup of the Electricity Commission of New South Wales.
Following a report by the Health Rivers Commission, in 1998 the Minister for Urban Affairs and Planning, Craig Knowles, announced that a small hydro-electric power station would be installed in the Chichester Dam to generate electricity, reduce greenhouse emissions and allow surplus power to be sold back to the State grid.{{cite hansard|url=http://www.parliament.nsw.gov.au/prod/parlment/hansart.nsf/V3Key/LA19980602009|title=Legislative Assembly {{ndash}} Chichester Dam Electricity Generation|first=Craig|last=Knowles|authorlink=Craig Knowles|date=2 June 1998|house=Parliament of New South Wales|accessdate=21 June 2015|url-status=dead|archiveurl=https://web.archive.org/web/20150622030841/http://www.parliament.nsw.gov.au/prod/parlment/hansart.nsf/V3Key/LA19980602009|archivedate=22 June 2015|df=dmy-all}} {{Webarchive|url=https://web.archive.org/web/20150622030841/http://www.parliament.nsw.gov.au/prod/parlment/hansart.nsf/V3Key/LA19980602009 |date=22 June 2015 }} The mini-power station was completed in 2001 and operated by Delta Electricity, and generates up to {{convert|110|kW|abbr=on}} of electricity at times of peak flow; with an average annual generation of {{convert|0.4|GWh|abbr=on}}.
As the Keneally Labor government moved to privatise components of the electricity industry in New South Wales including the electricity trading rights of Delta Electricity, on 14 December 2010 four of the five directors of Delta (including the chairman) suddenly stood down in protest over the proposed sale.{{cite news |url=http://www.theaustralian.com.au/national-affairs/chaos-hits-53bn-nsw-power-sell-off-as-directors-on-two-boards-quit-in-protest/story-fn59niix-1225971186330 |work=The Australian |title=Chaos hits $5.3bn NSW power sell-off as directors on two boards quit in protest | date=15 December 2010 |accessdate=13 December 2011 |author1=Salusinszky, Imre |authorlink1=Imre Salusinszky |author2=Hepworth, Annabel }} On 28 February 2011, at the direction of the New South Wales Government,{{cite web |format=PDF |accessdate=9 December 2011 |year=2011 |url=http://www.de.com.au/ArticleDocuments/50/2011%20Delta%20Electricity%20Annual%20Report%201OF2.pdf.aspx |title=Annual Report 2011 |publisher=Delta Electricity }} the newly constituted Board of Delta entered into contracts with energy retailer, TRUenergy, for the supply of electricity under Generation Trading Agreements from the Wallerawang and Mount Piper Power Stations. A subsequent NSW Parliamentary Inquiry was held, but the directors of Delta who resigned refused to give evidence before the Inquiry unless guarantees of parliamentary privilege would be given by the Government. Keneally refused to provides guarantees and, according to the Inquiry chairman, the Government stymied the Inquiry's ability to uncover the facts as to the resignation of the directors.{{cite book |url=http://143.119.255.92/prod/parlment/committee.nsf/0/3f7a0972901ccb96ca25784000069faa/$FILE/100223%20Final%20Report%20Gentrader%20transactions.pdf|title=The Gentrader Transactions |author=Nile, Fred |authorlink=Fred Nile |date=23 February 2011 |publisher=Legislative Council of New South Wales|pages=ix–x }}
In May 2012, the New South Wales Parliament passed legislation to sell the State-owned generators. In July 2013, EnergyAustralia acquired from Delta Electricity Wallerawang and Mount Piper Power Stations, near Lithgow, New South Wales, for A$160 million.{{Cite web|url=https://www.energyaustralia.com.au/about-us/media-centre/current-news/ea-acquires-mtpiper-wallerawang|title=EnergyAustralia acquires Mt Piper and Wallerawang power stations|website=EnergyAustralia|language=en|access-date=2017-02-16}} In November 2014, EnergyAustralia announced that it would permanently close Wallerawang due to ongoing reduced energy demand, lack of access to competitively priced coal and the power station's high operating costs.{{Cite web|url=https://www.energyaustralia.com.au/about-us/what-we-do/generation-assets/wallerawang-mtpiper-power-station/wallerawang-power-station-closure|title=Closure of Wallerawang power station {{!}} EnergyAustralia|website=EnergyAustralia|language=en|access-date=2017-02-16|archive-date=17 February 2017|archive-url=https://web.archive.org/web/20170217143410/https://www.energyaustralia.com.au/about-us/what-we-do/generation-assets/wallerawang-mtpiper-power-station/wallerawang-power-station-closure|url-status=dead}} EnergyAustralia began the process of removing useful equipment from the station in 2015 and began demolition of the site when this process has been completed.{{Cite web|url=https://www.energyaustralia.com.au/about-us/media-centre/current-news/salvage-program-to-begin-at-wallerawang|title=Salvage program to begin at Wallerawang power station {{!}} EnergyAustralia|website=EnergyAustralia|language=en|access-date=2017-02-16}}{{Cite news|url=http://www.lithgowmercury.com.au/story/2802787/wallerawang-power-station-to-be-demolished/|title=Wallerawang Power Station to be demolished|last=ASHWORTH|first=LEN|date=2015-01-08|newspaper=Lithgow Mercury|access-date=2017-02-16|language=en}}
In early 2015, the Colongra Power Station at Lake Munmorah was sold to Snowy Hydro. In November 2015, Delta Electricity, which at the time owned only the Vales Point Power Station, was sold to Sunset Power International for $1 million. Delta Electricity was dissolved in October 2016. The NSW Government retained ownership of the decommissioned Munmorah Power Station (Generation Property Management) which is being demolished.
References
{{Reflist}}
External links
{{Portal|Energy|Companies}}
- [http://www.de.com.au/ Delta Electricity]
{{EnergyNSW}}
{{Authority control}}