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redbank energy ltd (AEJ) Details

Redbank Energy Limited owns and manages Redbank power station in Australia. Its Redbank power station is a 151MW coal fired base load power station located near Singleton in the Hunter Valley, New South Wales. The company was formerly known as Alinta Energy Limited and changed its name to Redbank Energy Limited in March 2011. Redbank Energy Limited is based in Bondi Junction, Australia.

redbank energy ltd (AEJ) Top Compensated Officers

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Compensation as of Fiscal Year 2014.

redbank energy ltd (AEJ) Key Developments

Redbank Energy Limited Announces Change of Registered Office and Principal Place

Redbank Energy Limited announced that change of address of its registered office and principal place of business. The new address for the company's registered office and principal place of business is: Suite 2105, Level 21, Westfield Tower 1, 520 Oxford Street, Bondi Junction, Sydney, NSW 2022 Australia.

Alinta Energy Seeks Acquisitions

Alinta Energy Limited is seeking acquisitions. Alinta Energy Chief Executive Officer Jeff Dimery said Alinta would within two to three years look at expanding into the household market in Queensland and NSW, where margins are expected to increase as price controls fall away. "If we see the incumbents earning surplus margins then for sure we'd look to step into that space," he said. Dimery said any acquisitions would also depend on broader portfolio benefits Alinta could gain.

TPG Capital Is Speculated To Re-List Or Sell Alinta Energy

TPG Capital, L.P. doesn't release financial figures for Alinta Energy Limited, but Alinta Energy's Chief Executive Officer Jeff Dimery said core earnings had more than doubled over the past two years. Dimery said, "We were a business in distress when the new owners took over. We've worked really hard to change that." The improvement has led to speculation TPG may look to re-list or sell Alinta, Australian Financial Review reported. "My job is to just make sure the company runs and runs well, and is attractive to new investors down the track," Dimery said.


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