Generation - operating BBP's portfolio includes 12 operating power stations, representing approximately 3,000MW of base load, intermediate and peaking power generation.
OakeyOakey Power Station (Oakey) is a dual-fuel fired 320MW Open Cycle Gas Turbine (OCGT) generator located near Oakey in Queensland. The power station is located close to the Roma to Brisbane gas pipeline and a number of coal seam gas fields which provides ready access to gas supplies. Oakey is operated as a peak load generator.
Oakey
Description 320MW OCGT power station
Location 160km west of Brisbane, Queensland
Operating Mode Peak
Acquired November 2006
BBP % ownership 50%
Asset Age Commissioned in January 2000
Revenue PPA with Enertrade that expires in 2014 (1)
Fuel Supply Oakey can be operated on both natural gas and distillate liquid fuel. Most of the operation to date has been on natural gas, which is provided by Enertrade under a gas supply agreement.
Operations & Maintenance O&M Contract with Contact Energy that expires in 2014
(1) In August 2007, Enertrade announced the assignment of the Oakey PPA to AGL.
BraemarBraemar Power Station (Braemar) is a newly constructed 507MW Open Cycle Gas Turbine (OCGT) power station located in southern Queensland. Braemar�fs location is close to competing gas supply sources, being adjacent to the Queensland coal seam gas fields and connected to the Cooper Basin via the Ballera to Wallumbilla and Roma to Brisbane pipelines.
Braemar
Description 507MW OCGT power station
Location 35km south-west of Dalby in southern Queensland
Operating Mode Intermediate
Acquired November 2006
BBP % ownership 100%
Asset Age Commissioned in August 2006
Revenue 450MW Financial Products and GECs (Gas Electricity Certificates) Agreement with Origin Energy, that expires in 2016
Fuel Supply 10 year Gas Supply Agreement for the supply of natural gas by Santos QNT Pty Ltd; 15 year Gas Supply Agreement for the supply of natural gas by Energex; 15 year Gas Supply Agreement for the supply of coal seam methane gas by Arrow Energy NL; 10 year Gas Supply Agreement for the supply of coal seam methane gas by Queensland Gas Company Ltd (QGC); and 10 year Revised Firm Gas Transport Agreement with APT Petroleum Pipelines Limited for the transportation of gas via the Roma to Brisbane pipeline to Braemar
Operations & Maintenance O&M Contract with Alstom Power (the builder of the power station) that expires in 2008
Redbank
Redbank Power Station (Redbank) is a 151MW coal fired base load power station located near Singleton in the Hunter Valley, New South Wales. The Power Station utilises FICIRC boilers fuelled by beneficiated dewatered tailings (BDT) from the neighbouring Warkworth coal mine, with low-grade coal as a backup fuel.
Redbank
Description 151MW coal fired power station
Location Hunter Valley, approx 145kms north of Sydney
Operating Mode Baseload
Acquired November 2006
BBP % ownership 100%
Asset Age Commissioned in April 2001
Revenue Power Purchase and Hedge Agreement with Energy Australia that expires in 2031
Fuel Supply Long term Fuel Supply Agreements are in place under which Redbank is supplied with BDT as the main fuel and high ash, run-of-mine coal as backup fuel.
FlindersFlinders Power (Flinders) comprises the 540MW Northern and 240MW Playford coal-fired power stations, and the dedicated Leigh Creek Coalfield assets, which also include the Leigh Creek township and rail infrastructure.
The Flinders Portfolio also includes the Osborne Contracts, comprising a gas supply and base load power generation position of up to 180MW in the South Australian Market.
Flinders Power Stations
Description Northern Power Station 540MW - coal fired Playford Power Station 240MW - coal fired
Location Port Augusta, South Australia, approximately 300km north west of Adelaide
Asset Age Northern: Commissioned in 1985 Playford: Commissioned in 1963, mid-life-refit and refurbishment program completed in 2005.
Revenue Rolling hedges
Fuel Supply Leigh Creek Coalfield provides 100% of the Flinders Power Stations fuel.
Port HedlandPort Hedland Power Station (Port Hedland) is a 175MW gas-fired power station located in the Pilbara region of north-west Western Australia. It is connected to the North West Interconnected System electricity grid (NWIS), with revenue underpinned by three power purchase agreements that run until 2014.
Port Hedland
Description 175MW gas-fired power station
Location Port Hedland, Pilbara region of north-west WA
Operating Mode Intermediate
Acquired August 2007
BBP % ownership 100%
Asset age Three dual fuel units commissioned in 1995. Two units commissioned in 1998.
Revenue PPAs expiring in 2014
Fuel Supply Natural gas and distillate fuel supplied by BHP Billiton for the term of the power purchase agreement (2014)
NewmanNewman Power Station (Newman) is a 105MW Open Cycle Gas Turbine (OCGT) power station located adjacent to the Newman mining township in the Pilbara region of Western Australia. The plant currently provides 100% of the power requirement of the isolated grid which supplies electricity to the Mt Newman Joint Venture. The Joint Venture is the sole customer of the power station under power purchase agreements that run until 2014
Newman
Description 105MW OCGT power station
Location Mt Newman Joint Venture mining lease
Operating Mode Intermediate
Acquired August 2007
BBP % ownership 100%
Asset age Three dual fuel units commissioned in 1996
Revenue PPAs until 2014
Fuel Supply Natural gas and distillate fuel supplied by BHP Billiton for the term of the power purchase agreement (2014)
BairnsdaleBairnsdale Power Station (Bairnsdale) is a 94MW Open Cycle Gas Turbine (OCGT) power station located in Victoria's East Gippsland region. The plant operates as a peaking power station dispatching into the National Electricity Market (NEM) and also provides network support services to Singapore Power's electricity distribution network in eastern Victoria under a Network Services Agreement.
Bairnsdale
Description 94MW OCGT power station
Location Victoria's East Gippsland region
Operating Mode Peak
Acquired August 2007
BBP % ownership 100%
Asset age Two units commissioned in 2001
Revenue Network Services Agreement with SP AusNet.
Fuel Supply Sourced from BHP Billiton/Esso joint venture
Operations & Maintenance Undertaken in-house by Alinta Energy
Glenbrook Power Station (Glenbrook) is a 112MW co-generation plant located at Glenbrook, south of Auckland in NZ. The power station is fully integrated into the New Zealand Steel plant and currently supplies around 60% of its electricity requirements.
Glenbrook
Description 112MW steam thermal power station
Location Glenbrook, near Auckland in New Zealand
Operating Mode Baseload
Acquired August 2007
BBP % ownership 100%
Asset age Two co-generation plants; commissioned in 1987 and 1997 respectively
Revenue PPA with NZ Steel
Fuel Supply 'Off gases' from the steel making process at NZ Steel plant
Operations & Maintenance Undertaken in-house by Alinta Energy
Cawse Power Station (Cawse) is a 22MW gas-fired co-generation plant, 55km north-west of Kalgoorlie in Western Australia. The plant supplies electricity, steam and desalinated water to the Cawse nickel project.
Cawse
Description 22MW gas-fired co-generation power station
Location Cawse, 55km north-west of Kalgoorlie in WA
Operating Mode Baseload
Acquired August 2007
BBP % ownership 100%
Asset age Commissioned in 1998
Revenue PPA expiring in 2017
Fuel Supply Natural gas supplied by Norilsk
Operations & Maintenance Undertaken in-house by Alinta Energy
PinjarraThe Pinjarra Power Station (Pinjarra) comprises two co-generation plants situated at Alcoa's refinery in south-west WA. Under an agreement between Alcoa and BBP, BBP owns the co-generation units and takes all of the electricity production for sale to its customers, while Alcoa operates the units and takes the steam produced by the facilities for use in its refinery.
Pinjarra
Description 280MW Open Cycle Gas Turbine (OCGT) power station
Location Pinjarra, south-west WA
Operating Mode Baseload
Acquired August 2007
BBP % ownership 100%
Asset age Pinjarra 1 was commissioned in 2006. Pinjarra 2 was commissioned in 2007.
Revenue PPA with Alinta
Fuel Supply Sourced from NWSG and Alcoa
Operations & Maintenance Alcoa has the O&M contract with Alinta
WagerupThe 380MW Wagerup Power Station (Wagerup) comprises two co-generation plants situated at Alcoa's Wagerup refinery in south-west WA. Under an agreement between Alcoa and BBP, BBP owns the co-generation units and takes all of the electricity production for sale to its customers, while Alcoa operates the units and takes the steam produced by the facilities for use in its refinery.
Wagerup
Description 380MW Open Cycle Gas Turbine (OCGT) power station
Location Wagerup, south-west WA
Operating Mode Peak
Acquired August 2007
BBP % ownership 100%
Asset age Two dual units commissioned in 2007
Revenue PPA and reserve capacity payments from the IMO under a long term reserve capacity contract
Fuel Supply Sourced from NWSG and Alcoa
Operations & Maintenance Expected to be managed in-house by BBP
Generation - under construction
NewGen KwinanaNewGen Kwinana Power Station (NewGen Kwinana) is a 320MW Combined Cycle Gas Turbine (CCGT) Power Station currently under construction at Kwinana in Western Australia. In 2005, Babcock & Brown and its partner, ERM Power, won the right to develop NewGen Kwinana through a competitive tender process for a 25 year off-take contract. When completed, NewGen Kwinana will be a modern, high efficiency CCGT, with supplementary duct firing to increase output from the steam cycle when required.
The plant configuration gives NewGen Kwinana the flexibility to vary its output in response to market requirements. The power station is being constructed under a turnkey construction contract by Alstom Power, a world leading manufacturer of power generation equipment and is expected to be completed in late 2008.
Neerabup Power Station
Neerabup Power Station (Neerabup) is a 330MW Open Cycle Gas Turbine (OCGT) power station currently under construction in Neerabup, 50km north of Perth in WA. It has been co-developed by Babcock & Brown Limited and ERM Power.
They have other assets too.
Goldfields Gas PipelineThe Goldfields Gas Pipeline (GGP) is a 1,300km gas transmission pipeline. The GGP is connected to the Newman Power Station (100% owned by BBP) by a 50km lateral constructed in 1996.
Goldfields Gas Pipeline
Description 1,300km gas transmission pipeline
Location Carnarvon Basin to Kalgoorlie
Acquired August 2007
BBP % ownership 11.8% (88.2% APA Group)
Revenue The GGP services industrial and power generation customers along the route.
Fuel Supply Sourced from gas producers in the north-west of WA
Operations & Maintenance Undertaken by APA Group employees
BBP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
