Origin Energy

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Origin Energy Ltd
Public
Traded as ASXORG
Industry Energy
Founded February 2000, but parts of the business date from the 20th century
Headquarters Australia Square
Sydney, New South Wales, Australia
Key people
Frank Calabria (CEO) (MD)
Products Electricity, natural gas, solar panels, LPG, hot water, heating and cooling, electric vehicle charging
Revenue Increase A$11,550 million (2015,[1])
Increase A$760 million after tax (2013)
Number of employees
6,000 (2016)[1]
Website Origin Energy Origin LPG

Origin is an Australian energy company headquartered in Sydney.

History[edit]

Origin Energy was formed in February 2000, as a result of a demerger from the Australian conglomerate Boral Limited, in which the energy business was removed from the building and construction materials business to form the new company.[2]

Between 2001 and 2002, Origin acquired the Victorian electricity network suppliers Powercor and CitiPower. In 2004, the SEA Gas Pipeline was completed and commissioned, which served to link the Victorian and South Australian gas markets. During this time, Origin obtained 50% interest in the Kupe Gas Field, and managed to obtain Edison Mission Energy's 51.4% interest in New Zealand's Contact Energy.[2] Origin sold its 53% shareholding in Contact Energy to the market in 2015.[3]

On 27 November 2006 the Queensland Government announced the sale of Sun Retail Pty Ltd, the former retailing arm of Energex to Origin for $1.202 billion. Sun Retail included some 840,000 residential, commercial and industrial electricity customer accounts and 55,000 LPG customers.[4]

On 15 December 2010, Origin Energy announced that it would purchase the retail divisions of Country Energy and Integral Energy from the Government of New South Wales, at a total cost of A$3,250 million,[5] as well as entering a GenTrader agreement with Eraring Energy (in which Origin supplies fuel, pays certain charges, and can dispatch and sell electricity output, while Eraring Energy owns, operates and maintains the power stations). The transaction was completed on 1 March 2011.[6]

Core business[edit]

Uranquinty Power Station (Natural gas)

Natural gas exploration and production[edit]

The company has a diverse exploration portfolio, which includes the Bowen, Surat and Cooper / Eromanga basins in Central Australia, the Otway and Bass basins in Southern Australia, as well as interests in the Perth Basin and Browse Basin in Western Australia, and the Bonaparte Basin in the Northern Territory. Outside Australia, Origin operates the Kupe gas field in the Taranaki Basin of New Zealand. The company also holds interests in New Zealand’s Canterbury Basin, and further afield, has interests in permits in Botswana and Vietnam.

Australia Pacific LNG, Queensland, Australia[edit]

As one of the largest holders of gas reserves in eastern Australia, and a leading gas producer. Alongside Origin’s domestic gas operations, the company is working with ConocoPhillips and Sinopec in the Australia Pacific LNG joint venture to deliver Australia's largest coal seam gas (CSG) to liquefied natural gas (LNG) export project in Queensland.

The Project consists of three key parts:[7]

  1. Further development of Australia Pacific LNG’s gas fields in the Surat and Bowen Basins in south-west and central Queensland.
  2. Construction of a 530 km gas transmission pipeline from the gas fields to an LNG facility on Curtis Island off the coast of Gladstone.
  3. Construction of an LNG facility on Curtis Island off the coast of Gladstone, with the first two gas production trains processing up to 9 million tonnes per annum.

Australia Pacific LNG remains on track for sustained LNG production from Train 1 from the first quarter of the 2016 financial year and from Train 2 in mid financial year 2016.[8]

Energy retailing[edit]

As Australia's largest energy retailer, Origin has approximately 4.3 million customers, servicing both large energy customers and the residential and small business market. Product and service offerings include electricity, natural gas and LPG. Origin is also Australia’s leading provider of low-carbon products such as GreenPower, Green Gas and solar PV.

Electricity generation[edit]

Origin operates one of Australia's largest power generation portfolios with 6,010 MW of capacity. This represents approximately 13 per cent of power generation capacity in the National Electricity Market.[9] As the largest owner and developer of natural gas-fired power generation in Australia, Origin holds a substantial generation portfolio.

power station[10] State location capacity Peak/base Commissioned Fuel notes
Darling Downs Power Station Queensland Dalby 644 MW Baseload 2010 coal seam gas from the Surat Basin
Roma Power Station Queensland Roma 80 MW Peaking 1999 Gas built by Boral[11]
Mortlake Power Station Victoria 12 km west of Mortlake 566 MW Peaking 2012 Otway Basin gas Largest gas-fired power station in Victoria
Ladbroke Grove Power Station South Australia Penola 80 MW Peaking 2000 Natural gas
Quarantine Power Station South Australia Torrens Island 224 MW Peaking 2000 (enlarged in 2009) Gas
Uranquinty Power Station New South Wales Uranquinty 664 MW Peaking 2009 Gas
Eraring Power Station New South Wales Dora Creek 2,880 MW Baseload 1982 Coal Australia’s largest power station
Mount Stuart Power Station Queensland Stuart, Townsville 423 MW Peaking 1999 Kerosene North Queensland's largest power station. Open-cycle gas turbine
Shoalhaven Hydro Pump Storage Scheme New South Wales Kangaroo Valley and Bendeela 240 MW Peaking two pumped storage hydropower stations Water
Osborne Cogeneration Plant South Australia Osborne 180 MW Baseload and peak jointly owned by Origin and ATCO Power
Worsley Cogeneration Plant Western Australia Worsley 60 MW provides steam and power to the Worsley Alumina Refinery. Jointly owned by Origin and Verve Energy
Dandenong Cogeneration Plant Victoria Dandenong 120 MW gas In partnership with Places Victoria, Australia’s first urban distributed energy precinct
Bendigo and Ballarat Solar Parks Victoria Ballarat and Bendigo 300 kW 2009 Solar generate a total of 710 MWh of power per year

Renewable energy[edit]

Challicum Hills Wind Farm

Origin is active in the renewable energy arena. It has spent a number of years developing:

Key executives[edit]

  • Frank Calabria - Chief Executive Officer
  • David Baldwin – Chief Executive Officer, Integrated Gas
  • Jon Briskin – Executive General Manager, Origin Retail
  • Andrew Clarke – Group General Counsel and Company Secretary
  • Greg Jarvis – Executive General Manager, Energy Supply and Operations
  • Tony Lucas – Executive General Manager, Future Energy and Business Development
  • Carl McCamish – Executive General Manager, Technology, Risk, HSE and Transformation
  • Sharon Ridgway – Executive General Manager, People and Culture
  • Gary Mallett - Acting Chief Financial Officer
  • Ben Bolot - Acting General Manager, Strategy and Development

[15]

References[edit]

  1. ^ "About Origin Energy". Origin Energy. Retrieved 23 April 2016. 
  2. ^ a b "Our history". Origin Energy. 
  3. ^ "Origin Energy sale of Contact completed" (PDF) (Press release). Contact Energy. 5 August 2015. 
  4. ^ "New dawn for Qld energy market" (Press release). Energex. 1 February 2007. Archived from the original on 8 February 2007. Retrieved 16 June 2014. 
  5. ^ "Country Energy sold to Origin". The Young Witness. 17 December 2010. Retrieved 17 December 2010. 
  6. ^ "Origin completes acquisition of Integral Energy and Country Energy retail businesses and enters binding GenTrader arrangements with Eraring Energy" (Press release). Origin Limited. 1 March 2011. Retrieved 10 April 2011. 
  7. ^ "About the project". Australia Pacific LNG. 
  8. ^ "Origin Energy Half Year Results 2015". Origin Energy. 
  9. ^ "Generation capacity and peak demand". Australian Energy Regulator. 
  10. ^ "Electricity Generation". Origin Energy. Retrieved 12 December 2016. 
  11. ^ "$30 Million Roma Power Station Meets Qld's Increased Electricity Demands". Boral Limited. 03 June 1999. Retrieved 12 December 2016.  Check date values in: |date= (help)
  12. ^ Origin Energy wind energy portfolio press release (Sept 2002)
  13. ^ Solar Energy at the ANU
  14. ^ Thin-cell solar power soon
  15. ^ https://www.originenergy.com.au/about/investors-media/media-centre/origin-announces-new-leadership-team.html

External links[edit]