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Streamlining government owned electricity generators
In the 2008-09 Major Economic Statement Mid-Year Fiscal and Economic Review, the Queensland Government announced that it would undertake a shareholder review of the State Government-owned electricity generators (Gencos), CS Energy, Stanwell and Tarong Energy, aimed at examining their structure and performance.
The Queensland Government announced the recommendations of this review on 25 November 2010.
The review identified a number of benefits associated with moving from a three Genco structure to a two Genco structure. The two Genco structure will improve the Gencos´ ability to meet emerging challenges facing these businesses, particularly in respect of climate change policy responses, and competition from large vertically integrated retailers. For more information download the review report.
A recommended asset allocation under a two Genco structure was contained within this report. After the Gencos´ consultation with Unions and employees, the final asset allocation was announced on 10 March 2011.
On 1 July 2011, the three Gencos were restructured into two, CS Energy Limited and Stanwell Corporation Limited, with the following allocation of assets:
| MW | |
|---|---|
| Kogan Creek | 750 |
| Callide B | 700 |
| Callide C | 420 |
| Wivenhoe | 500 |
| Gladstone | 800 |
| TOTAL Capacity | 3170 |
| MW | |
|---|---|
| Stanwell | 1400 |
| Kareeya | 81 |
| Barron Gorge | 60 |
| Koombooloomba | 7 |
| Wivenhoe Small Hydro | 5 |
| Mackay Gas Turbine | 30 |
| Tarong | 1400 |
| Tarong North | 443 |
| Swanbank B | 125 |
| Swanbank E | 385 |
| Collinsville | 195 |
| Mica Creek | 325 |
| TOTAL Capacity | 4456 |
Find out more about the successful implementation of the Genco Review.
Last updated 23 June 2011