New renewable energy generator in place for 2019

Published: Comments:
Energy & Water Environment Political Queensland Government

Social:   

Queensland’s new renewable energy electricity generator is officially in place, with the creation of CleanCo as a government-owned corporation.

Deputy Premier and Treasurer Jackie Trad said CleanCo was created officially as of midnight Sunday and had a new board and chair.

International management consultant Jacqui Walters will be the inaugural chair, with chartered accountant and former CS Energy director Tracy Dare and former Australian Renewable Energy Agency chief Ivor Frischknecht as directors.

“CleanCo will be a game changer with a strategic portfolio of low and no-emission power generation assets,” Ms Trad said.

“The Palaszczuk Government has appointed board members with a wealth of experience in the dynamic energy sector and strong change and business leadership skills to ensure a smooth establishment.”

Energy Minster Dr Anthony Lynham said CleanCo would contribute to the Palaszczuk Government’s Affordable Energy Plan and ongoing downward pressure on electricity prices, as well as growing investment and jobs in the renewable sector.

“This is another example of how ongoing public ownership of our energy assets allows Government to deliver lower electricity prices, reliable supply and a smooth transition to a renewable future.”

The Government has also committed $250 million to CleanCo to invest in building, owning and operating new renewable generation capacity.

The board members have been appointed for a three-year term with CleanCo expected to be trading in financial and energy markets by mid-2019.

Ms Trad also announced a number of appointments to other key government entities.

“Professor Flavio Menezes has been appointed as Queensland Competition Authority (QCA) Chairperson while Ms Madeline Brennan QC had been appointed as Deputy Chairperson, both for terms of three years commencing from 1 January 2019,” Ms Trad said.

“Both appointees have been members of the QCA Board since 2016, with Professor Menezes having been Chairperson and Ms Brennan the Deputy Chairperson since 5 June 2018.

“Ms Fiona Guthrie AM has been appointed as a new QCA Board member for a three year term commencing on 1 January 2019.

“Bronwyn Fredericks has also been appointed as a Commissioner for the Queensland Productivity Commission (QPC) for 10 months commencing on 1 January 2019 and will assist the QPC Principal Commissioner, Mr Kim Wood, in the oversight of the Imprisonment and Recidivism Inquiry.

“Mr Tim Rothwell has been appointed as a member of the Cross River Rail Delivery Board for a three-year term commencing from 1 January 2019.”

Biographies

Jacqui Walters is a partner at Era Innovation and has more than 20 years experience in new growth opportunities, corporate strategy, acquisition, organisational transformation and restructuring, post-merger culture alignment, change leadership and engagement. She has held key strategic board and executive positions in government, including the Board of Building Queensland, and Chair of the Citytrain Response Uni, as well as the private sector.

Ivor Frishknecht is a non-executive director at Victoria’s C4Net Centre for New Energy Technologies and was previously a member of the Clean Energy Innovation Fund Investment Committee and Australasian Cleantech Advisory Board. He brings extensive director and executive experience in renewable energy and investment, including serving as the CEO of the Australian Renewable Energy Agency from 2012 to 2018.

Tracy Dare is an executive with Uniting Care Queensland and has served on various government, not-for-profit boards and industry bodies for more than 18 years. This includes five years  as a director on the CS Energy board from 2008 to 2013.

Professor Flavio Menezes is a leading economist, currently a Professor of Economics at the University of Queensland, and is widely published in the area of competition and economic regulation.

Madeline Brennan QC has extensive legal and commercial experience specialising in the areas of taxation and revenue law, administrative law, and competition and consumer law.

Fiona Guthrie AM is a leader in the field of consumer affairs and policy, currently Chief Executive of Financial Counselling Australia, and has a range of previous Board and Committee memberships including Energex Retail.

Professor Bronwyn Fredericks previously served as a QPC Commissioner between October 2016 and March 2018.  She is currently Pro-Vice-Chancellor (Indigenous Engagement) of the University of Queensland.

Tim Rothwell has extensive financial management experience.  He was formerly Chief Financial Officer of Brisbane Airport Corporation and is currently a member of the Board of Airservices Australia.

Deputy Premier, Treasurer and Minister for Aboriginal and Torres Strait Islander Partnerships
The Honourable Jackie Trad

 
Jackie Trad MP : Deputy Premier, Treasurer and Minister for Aboriginal and Torres Strait Islander Partnerships :
Suite 1/90 Vulture Street, Brisbane
07 3255 3615
07 3255 3627
Jackie Trad MP : Deputy Premier, Treasurer and Minister for Aboriginal and Torres Strait Islander Partnerships
Showing 10+ recent articles for this business
Closing the Gap refresh underway for Queensland 21 March 2019 | Work has begun to refresh Queensland’s Closing the Gap agenda including nine community workshops held across remote, regional and urban areas of the state to capture the priorities of Aboriginal and Torres... More information...
One step closer for Queensland’s renewable energy generator 22 February 2019 | Queensland’s new renewable energy generator has its first two key executives. More information...
3,500 new jobs in Queensland 21 February 2019 | More than 100 Queenslanders a day found work in January, with a total of 3,500 jobs created in Queensland last month, according to ABS Labour Force Data released today. More information...
First step for SEQ City Deal 12 February 2019 | Securing a City Deal for South East Queensland (SEQ) is one step closer with the release of of a far-reaching blueprint today by the State Government and the Council of Mayors (SEQ). More information...
Work underway on bigger, better home for mighty Sunshine Coast Lightning 06 February 2019 | The Palaszczuk Government has invested an extra $2 million into the expansion of the indoor USC Stadium to provide a major boost for champion netball team the Sunshine Coast Lightning. More information...
186,400 jobs created by Palaszczuk Government 24 January 2019 | Queensland’s strong trend jobs growth has continued with 6,000 new jobs created in December, ABS data released today show. More information...
Figures show why Queensland needs vegetation management laws 20 December 2018 | The latest landcover study figures released today highlight the importance of Queensland’s strong vegetation management laws, the Palaszczuk Government says. More information...
2900 new jobs in Queensland 20 December 2018 | Almost 3000 new jobs were created in Queensland in November, according to ABS Labour Force Data released today. More information...
New renewable energy generator in place for 2019 17 December 2018 | Queensland’s new renewable energy electricity generator is officially in place, with the creation of CleanCo as a government-owned corporation. More information...
Mid-year budget update underlines strong economic plan 13 December 2018 | The Palaszczuk Government’s continued focus on growing jobs, building infrastructure and delivering high-quality frontline services is highlighted in the mid-year Budget update released today. More information...



Social:   
comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service