Pacific Energy Limited (ASX:PEA) is an ASX-listed energy supply business. The company owns and maintains a portfolio exceeding 300MW of gas, diesel and hydro fuelled electricity generation.
The Company’s core business division, Kalgoorlie Power Systems (KPS) is one of the leading electricity suppliers to the Australian resource sector and delivers competitively advantaged solutions for “off-grid” electricity supply for installed capacity requirements of between 2 – 60MW. KPS achieves this by a committed and focused approach to:
- Industry leading power station design and reliable innovation
- New fuel efficiency and flexibility technology development
- Optimised life-cycle asset management
The success of KPS has been delivered through consistently delivering on-time and on-budget power generation infrastructure at the lowest cost and risk for its clients.
KPS clients are typically medium to large public companies and include Newmont, Iluka Resources, AngloGold Ashanti, Sandfire Resources and Regis Resources.
KPS Power Africa
Seeking to replicate the success of the KPS Australia operations, KPS Power Africa was established in July 2015 to focus on operations in the African continent.
With management based in its office in Johannesburg, KPS Power Africa has adopted the proven operating model of KPS Australia to meet customer demands in remote electricity generation.
The Company's hydro business comprises two hydro-electricity power stations located in South East Victoria. The hydro power stations are located at the Cardina Reservoir and Blue Rock Dam.
Electricity generated by Pacific Energy’s Cardinia hydro power station is purchased by Energy Australia under long term contract. The power purchase agreement with Energy Australia for the Blue Rock operations is currently able to be terminated by either party with six months' notice.
The Blue Rock hydro power station is also a registered Small Aggregated Generator under the NEM rules and will be able to sell renewable electricity at NEM spot prices if the contract with Energy Australia is terminated.
NovaPower owns and operates a 10MW gas-fired power generation plant in Traralgon, Victoria.
NovaPower is a high-efficiency/low emissions gas-fired power station which generates in quick response to electricity demand in peak periods.