Jemena
{{Use dmy dates|date=December 2020}}
{{Use Australian English|date=May 2012}}
{{Infobox company
| name = SGSP (Australia) Assets Pty Ltd
| trade_name = Jemena
| logo = Jemena logo.svg
| logo_size = 250px
| caption =
| type = Private subsidiary
| traded_as =
| predecessor = AlintaGas Ltd
Alinta Limited
| successor =
| founder =
| defunct =
| fate =
| location_city = Melbourne, Victoria
| location_country = Australia
| locations =
| area_served =
| key_people = Mr Jiang Longhua, Chairman
David Gillespie [Managing Director]
| industry = Utility
| products =
| services = Electric power transmission and distribution
Natural gas transmission and distribution
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = State Grid Corporation of China (60%)
Singapore Power (40%)
| num_employees = ~1300
| parent = State Grid Corporation of China
| divisions =
| subsid =
| homepage = {{URL|www.jemena.com.au}}
| footnotes =
| foundation = {{Start date|1995}}
}}
SGSP (Australia) Assets Pty Ltd (SGSPAA), trading as Jemena, is an Australian company that owns, manages or operates energy infrastructure assets in the eastern states of Australia including Queensland and New South Wales, and gas pipelines and gas and electricity distribution networks in Victoria and the Northern Territory.{{cite web |title=Alinta.net.au |url=http://www.alinta.net.au/ |url-status=dead |archive-url=https://web.archive.org/web/20080718190552/http://alinta.net.au/ |archive-date=18 July 2008 |access-date=6 August 2008}} It is 60% owned by State Grid Corporation of China and 40% by Singapore Power.{{cite press release |title=State Grid Corporation of China to invest in Singapore Power's Australian utility businesses |date=12 March 2014 |publisher=Singapore Power |url=http://jemena.com.au/Assets/About/Media/2013/State%20Grid%20Corporation%20of%20China%20to%20invest%20in%20Singapore%20Power%20Australian%20utility%20businesses.pdf |access-date=2014-03-12 |url-status=dead |archive-url=https://web.archive.org/web/20140127005840/http://jemena.com.au/Assets/About/Media/2013/State%20Grid%20Corporation%20of%20China%20to%20invest%20in%20Singapore%20Power%20Australian%20utility%20businesses.pdf |archive-date=27 January 2014}}
History
In January 1995, the vertical monopolist energy supplier, the State Energy Commission of Western Australia, was dis-aggregated into separate gas and electricity corporations, leading to the formation of AlintaGas. On 13 July 2000 legislation was passed by the Parliament of Western Australia for the sale of AlintaGas, which listed on the Australian Stock Exchange (ASX) on 17 October 2000. On 8 May 2003 AlintaGas Ltd changed its name to Alinta Limited. Alinta acquired infrastructure assets and the Agility business from AGL through a combination of merger and demerger transactions on 25 October 2006.{{cite web |url=http://www.ato.gov.au/print.asp?doc=/content/82341.htm |publisher=Australian Taxation Office |title=Alinta Ltd merger with the Australian Gas Light Company (AGL) - October 2006 |date=18 January 2007 |access-date=2007-01-31 |url-status=dead |archive-url=https://web.archive.org/web/20070916141554/http://www.ato.gov.au/print.asp?doc=%2Fcontent%2F82341.htm |archive-date=16 September 2007}}
Alinta was acquired on 31 August 2007 by a consortium comprising Singapore Power International (SPI), the largest utility company in Singapore, and Australia's second-largest investment bank, Babcock & Brown Infrastructure (BBI) and Babcock & Brown Power (BBP){{cite news |title = Australia's Alinta recommends US$6b bid by Babcock, Singapore Power |url = http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/267365/1/.html |publisher = Channel NewsAsia |date = 30 March 2007 |access-date = 6 August 2008 |archive-date = 8 September 2008 |archive-url = https://web.archive.org/web/20080908051344/http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/267365/1/.html |url-status = dead }} with a bid of A$13.9 billion, outbidding a bid by Macquarie Bank.{{cite news |title = SingPower group in $17b buyout of Aussie firm |work = The Straits Times |date = 30 March 2007 }} After acquisition, the Alinta businesses were split up. The majority of eastern assets were transferred to Alinta AGL, an Alinta subsidiary, which on 4 August 2008 changed its name to Jemena.[http://www.jemena.com.au/company/OurNewBrand/default.aspx#4 About Our New Brand], Jemena company Later, ownership of Jemena passed to Singapore Power International, and its name was changed to SPI (Australia) Assets Pty Ltd. In 2014, State Grid Corporation of China acquired a 60% stake in Jemena, and the company's name was changed to SGSP (Australia) Assets Pty Ltd (SGSPAA). The company continues to trade as Jemena.
Assets
Jemena's main assets and activities are:
- An asset management business in the eastern States
- Colongra gas transmission and storage facility, New South Wales
- Jemena Gas Networks gas distribution network, New South Wales
- ActewAGL gas distribution network, Australian Capital Territory (50%)
- ActewAGL electricity distribution network, Australian Capital Territory (50%)
- Jemena Electricity Networks electricity distribution network, Victoria
- Eastern Gas Pipeline, New South Wales and Victoria
- VicHub, Victoria
- Queensland Gas Pipeline
- Northern Gas Pipeline
- Zinfra Pty Ltd, an engineering, construction and maintenance service provider to the utility infrastructure sector. (100%){{Cite web|url=http://www.zinfra.com.au/en/About-Us/Ownership.aspx|title=Ownership - Zinfra - A leading engineering and service provider to the utility and infrastructure sectors.|website=zinfra.com.au|access-date=2019-02-12}}