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Tag: AGL

AGL business split to silo gas and coal-fired plants

Written by dev on . Posted in All News, Coal, Energy.

Major energy company AGL has revealed plans to spin its gas and coal-fired power plants into a separate business called PrimeCo under a 'structural separation'.

And it is beginning sale processes for assets described as 'less critical to our future direction', including the Newcastle Gas Storage Facility and Queensland's Silver Springs gas project.

Filling about 20 per cent of the total electricity demand across the National Electricity Market (NEM), the new PrimeCo business would be Australia’s largest electricity generator supplying major wholesale, industrial and retail electricity users.

Meanwhile, a second business -New AGL - is being branded as. . .

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Major repairs for new Coopers Gap wind farm

Written by dev on . Posted in All News, Energy.

Australia’s largest wind farm, the $850 million Coopers Gap project in Queensland, is to undergo major repairs after faults were found during commissioning.

Project operator AGL said in a statement today that one of the 123 wind turbines would have to be replaced as well as a number of generators.

GE CATCON was appointed by Powering Australian Renewables Fund (PARF) to construct the wind farm, which saw its final turbine installed in April.

"During the commissioning process, rigorous tests were carried out to ensure the long-term operational capability and reliability of each component," the AGL spokeswoman said.

"However. . .

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Push for AGL to hasten retreat from coal power

Written by dev on . Posted in All News, Coal, Energy.

Energy company AGL is facing a shareholder push to bring forward the closure dates of its Bayswater and Loy Yang A coal-fired power stations.

The Australasian Centre for Corporate Responsibility​ (ACCR) has filed a Shareholder Resolution on the issue ahead of AGL's next annual investor meeting.

It wants AGL to close its three remaining coal-fired power stations by approximately 2036 - as opposed to the scheduled closure of Loy Yang in Victoria in 2048, announced in 2015.

“Despite issuing a Climate Statement at the end of June 2020, AGL continues to. . .

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AGL turns down the gas

Written by dev on . Posted in All News, Energy.

AGL is backing away from gas exploration and production, with plans to sell a range of Queensland CSG assets.
In an announcement today, the energy giant said those activities would no longer be a core business for the company due to the volatility of commodity prices and long development lead times.
It plans to sell its Queensland natural gas assets at Moranbah, Silver Springs and Spring Gully, apart from gas storage and related plant at Silver Springs, conceding that this may take some time due to difficult market conditions.
In New South Wales, AGL will not proceed with the Gloucester. . .

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